GRECO RESORT TRIAL BALANCE AUGUST 31, 2017 Debit 19,400 Credit 2.400 20,000 120,000 16,000 to Cash Prepaid Insurance Supplies Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense $ 4,500 4,600 60,000 91.000 9,000 5,000 76,200 44,800 9,200 3,600 $245,300 $245,300 Othe 1. the balance in prepaid insurance is a one-year premium paid on June 1, 2017 2 An inventory count on August 31 shave 30 of supplies on hand. 3. Annual depreciation rates are buildings (4%) and equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $3,800 was earned prior to August 31. 5. Salaries of $375 were unpaid at August 31. 6. Rentals of $800 were due from tenants at August 31. 7. The mortgage interest rate is 8% per year. Instructions (a) Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Omit explanations.) (b) Prepare an adjusted trial balance on August 31