income statement and balance sheet does not balance . Cannot figure out the variance .

Supplies Expense 1031 400 1020 Service Revenue 10 Instructions From an analysis of the accounts o n the correction entries, and (b) the adjusting journal entries that were made on October 11, 2020 Prepare explanations for each journal entry 3.10 (LO ) (Adjusting Entries) Greco Rotopened for business on June 1 with eight air conditioned units. Its trial balance on August 31 is as follows. Greco Resort Trial Balance August 31, 2020 Credit Cash Debit $ 19,600 4.500 2,600 20,000 120,000 16,000 $ 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 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020, 2. An inventory count on August 31 shows $450 of supplies on hand. 3. Annual depreciation rates are buildings (46) 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. tule 5. Salaries of $375 were unpaid at August 31. 6. Rentals of $800 were due from tenants at August 31. - V 7. The mortgage interest rate is 8 per year. scurs Rupestre Herres Instructions a. Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. Come explanations.) atau b. Prepare an adjusted trial balance on August 31. Balance shut * Must use the worksheet tomuting Tele c Credco Resort Work Sheet For the Month Ended August 31, 2020 Adjusted A 10200 Solution Template AE-2.10 A I O Type here to search - 64 V 107/2019 ELECOULEU VAA 21 I . OA 3 a 5 Merge & Center - $ .% Conditional Format Formatting Table Cell Sys - Insert D - e - Format - Alment 900 5 9000 14 1515 45,175 9200 30 88 15 5 1200 245 2005 245 300 S 249 115 $ 249.115 $ 8890 $ 81,175 380.6505 335 BDO P d forence 12. 205 E210 W LATE Solution Template 10 O Type here to search A . A v 1/2010 JACOB