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Exercise 3-10 (Part Level Submission) Teal Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as
Exercise 3-10 (Part Level Submission) Teal Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. TEAL RESORT TRIAL BALANCE AUGUST 31, 2017 Debit Credit Cash $22,600 Prepaid Insurance 7,500 Supplies 5,600 30,000 Land Buildings 130,000 Equipment 26,000 $7,500 Accounts Payable Unearned Rent Revenue 7,600 Mortgage Payable 70,000 104,000 Common Stock Retained Earnings 9,000 Dividends 5,000 86,200 Rent Revenue 44,800 Salaries and Wages Expense Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $284,300 $284.300 Totals
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