Instructions

From an analysis of the T$-$accounts, reconstruct $($a$)$ the October transaction entries, and $($b$)$ the adjusting journal entries that were made on October $31,2025.$ Prepare explanations for each journal entry.

E$2\mathrm{.}10($LO $3)($Adjusting Entries$)$ Greco Resort opened for business on June $1$ with eight airconditioned units. Its trial balance on August $31$ is as follows.

$\backslash$table$[[\backslash$table$[[$Greco Resort$],[$Trial Balance$],[$August $31,2025]]],[,$Debit,Credit$],[$Cash$,$$$10,600,],[$Prepaid Insurance,$4,500,],[$Supplies$,2,600,],[$Land$,20,000,],[$Buildings$,120,000,],[$Equipment$,16,000,],[$Accounts Payable,,$$4,500$