Mountaintop Vista Resort opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows. MOUNTAINTOP VISTA RESORT Trial Balance August 31, 2023 \begin{tabular}{ll} 141 & Buildings \\ 142 & Accumulated Depreciation-Buildings \\ 149 & Equipment \\ 150 & Accumulated Depreciation-Equipment \\ 201 & Accounts Payable \\ 208 & Unearned Rent Revenue \\ 212 & Salaries and Wages Payable \\ 230 & Interest Payable \\ 275 & Mortgage Payable \\ 305 & Retained Earnings \\ 307 & Income Summary \\ 311 & Common Stock \\ 332 & Dividends \\ 429 & Rent Revenue \\ 619 & Depreciation Expense \\ 622 & Maintenance and Repairs Expense \\ 631 & Supplies Expense \\ 718 & Interest Expense \\ 722 & Insurance Expense \\ 726 & Salaries and Wages Expense \\ \hline 732 & Utilities Expense \\ \hline 329 & \end{tabular} (e) Journalize and post the required closing entries. (f) Prepare a Post-Closing Trial Balance. Otherdote: 1. Insurance expires at the rate of $300 per month. 2. A count on August 31 shows $800 of supplies on hand. 3. Annual depreciation is $6,000 on buildings and $2,400 on equipenent. 4. Unearned rent revenue of 54,800 has been earned. 5. Salaries of $400 were unpaid at August 31. 6. Pentals of \$4,000 were due from tenants at August 31. (Use Accounts Receivable.) 7. The mortgage interest rate is 9% per year. (The mortgage was taken out on August 1.) Instructions: (a) Open up accounts in the General Ledger for each account and enter any beginning balances from the Trial Babance. (b) Journalize and post the adjusting entries on August 31 for the 3-month period June 1-August 31. (c) Prepare an adjusted trial balance on August 31 (d) Prepare an Income Statement, Retained Eamings Statement and classified Balance Sheet. (e) Journalize and post the required closing entries. Mountaintop Vista Resort opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows. MOUNTAINTOP VISTA RESORT Trial Balance August 31, 2023 \begin{tabular}{ll} 141 & Buildings \\ 142 & Accumulated Depreciation-Buildings \\ 149 & Equipment \\ 150 & Accumulated Depreciation-Equipment \\ 201 & Accounts Payable \\ 208 & Unearned Rent Revenue \\ 212 & Salaries and Wages Payable \\ 230 & Interest Payable \\ 275 & Mortgage Payable \\ 305 & Retained Earnings \\ 307 & Income Summary \\ 311 & Common Stock \\ 332 & Dividends \\ 429 & Rent Revenue \\ 619 & Depreciation Expense \\ 622 & Maintenance and Repairs Expense \\ 631 & Supplies Expense \\ 718 & Interest Expense \\ 722 & Insurance Expense \\ 726 & Salaries and Wages Expense \\ \hline 732 & Utilities Expense \\ \hline 329 & \end{tabular} (e) Journalize and post the required closing entries. (f) Prepare a Post-Closing Trial Balance. Otherdote: 1. Insurance expires at the rate of $300 per month. 2. A count on August 31 shows $800 of supplies on hand. 3. Annual depreciation is $6,000 on buildings and $2,400 on equipenent. 4. Unearned rent revenue of 54,800 has been earned. 5. Salaries of $400 were unpaid at August 31. 6. Pentals of \$4,000 were due from tenants at August 31. (Use Accounts Receivable.) 7. The mortgage interest rate is 9% per year. (The mortgage was taken out on August 1.) Instructions: (a) Open up accounts in the General Ledger for each account and enter any beginning balances from the Trial Babance. (b) Journalize and post the adjusting entries on August 31 for the 3-month period June 1-August 31. (c) Prepare an adjusted trial balance on August 31 (d) Prepare an Income Statement, Retained Eamings Statement and classified Balance Sheet. (e) Journalize and post the required closing entries