Kieso, Intermediate Accounting, 16e CES SHERIDAN RESORT TRIAL BALANCE AUGUST 31, 2017 Debit Credit $23,500 8,400 6,500 26,000 126,000 22,000 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 $8,400 8,500 66,000 100,900 9,000 tudy. 5,000 82,200 44,800 9,200 3,600 $275,000 Totals $275,000 Other data: 1. The balance in prepaid Insurance is a one-year premium paid on June 1, 2017 2. An Inventory count on August 31 shows $452 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4%) (b) equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $4,166 was earned prior to August 31. 5. Salaries of $388 were unpaid at August 31. 6. Rentals of $759 were due from tenants at August 31. (Use Accounts Receivable account.) 7. The mortgage interest rate is 8% per year. Kieso, Intermediate Accounting, 16e CALCU Journalize the adjusting entries on August 31 for the 3-month period June 1 - August 31. (Round answer Indented when amount is entered. Do not indent manually. If no entry is required, select "No e Debit Credit No. 1. Date Account Titles and Explanation Aug. 31 2. Aug. 31 3. (a) Aug. 31 3. (b) Aug. 31 4. Aug. 31 5. Aug. 31 6. Aug. 31 7. Aug. 31 SHOW LIST OP ACCOUNTS LINK TO TEXT US Kieso, Intermediate Accounting, 16e CES Prepare an adjusted trial balance on August 31. SHERIDAN RESORT Adjusted Trial Balance August 31, 2017 Debit Credit udy. Kieso, Intermediate Accounting, 16e Totals SHOW LIST OF ACCOUNTS LINK TO TEXT