Neosho River Resort opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows. NEOSHO RIVER RESORT Trial Balance August 31, 2010 Account Number Debit Credit 101 Cash $19,600 126 Supplies 3,300 130 Prepaid Insurance 6,000 140 Land 25,000 143 Cottages 125,000 149 Furniture 26,000 201 Accounts Payable $6,500 209 Unearned Rent 7,400 275 Mortgage Payable 80,000 301 P. Harder, Capital 100,000 306 P. Harder, Drawing 5,000 429 Rent Revenue 80,000 622 Repair Expense 3,600 726 Salaries Expense 51,000 732 Utilities Expense 9,400 $273,900 $273,900 In addition to those accounts listed on the trial balance, the chart of accounts for Neosho River Resort also contains the following accounts and account numbers: No. 112 Accounts Receivable, No. 144 Accumulated Depreciation-Cottages, No. 150 Accumulated Depreciation-Furniture, No. 212 Salaries Payable, No. 230 Interest Payable, No. 620 Depreciation Expense-Cottages, No. 621 Depreciation Expense-Furniture, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: Insurance expires at the rate of $400 per month. A count on August 31 shows $600 of supplies on hand. Annual depreciation is $6,000 on cottages and $2,400 on furniture. Unearned rent of $4,100 was earned prior to August 31. Salaries of $400 were unpaid at August 31. Rentals of $1,000 were due from tenants at August 31. (Use Accounts Receivable.) The mortgage interest rate is 9% per year. (The mortgage was taken out on August 1.) Instructions (a) Journalize the adjusting entries on August 31 for the 3-month period June 1August 31. J1 Date Account/Description Debit Credit Aug. 31 Mortgage PayableInterest ExpensePrepaid InsuranceDepreciation Expense?FurnitureP.Harder, CapitalSuppliesCashRepair ExpenseInsurance ExpenseUnearned RentRent RevenueSalaries PayableSalaries ExpenseLandP.Harder, DrawingsDepreciation Expense?CottagesCottagesSupplies ExpenseAcc. Depr.-CottagesFurnitureAcc. Depr.-FurnitureUtilities ExpenseInterest PayableAccounts ReceivableAccounts Payable Acc. Depr.-CottagesP.Harder, CapitalCottagesRent RevenueSalaries PayableInsurance ExpenseLandSupplies ExpenseCashSuppliesMortgage PayableP.Harder, DrawingsUtilities ExpenseRepair ExpenseInterest ExpenseFurnitureAcc. Depr.-FurniturePrepaid InsuranceDepreciation Expense?FurnitureSalaries ExpenseInterest PayableDepreciation Expense?CottagesUnearned RentAccounts ReceivableAccounts Payable (To record expired insurance) 31 Interest ExpensePrepaid InsuranceUtilities ExpenseRent RevenueSalaries PayableSalaries ExpenseInterest PayableDepreciation Expense?FurnitureAcc. Depr.-FurnitureSupplies ExpenseP.Harder, CapitalP.Harder, DrawingsUnearned RentSuppliesAccounts PayableFurnitureMortgage PayableRepair ExpenseAccounts ReceivableCashLandInsurance ExpenseCottagesAcc. Depr.-CottagesDepreciation Expense?Cottages CashCottagesSalaries ExpenseAcc. Depr.-CottagesSupplies ExpenseP.Harder, CapitalInterest PayableInsurance ExpenseFurnitureP.Harder, DrawingsRent RevenueAccounts ReceivableMortgage PayableRepair ExpenseUnearned RentAcc. Depr.-FurnitureInterest ExpensePrepaid InsuranceLandAccounts PayableUtilities ExpenseSalaries PayableSuppliesDepreciation Expense?CottagesDepreciation Expense?Furniture (To record supplies used) 31 Interest PayableAccounts PayableRent RevenueDepreciation Expense?CottagesUtilities ExpenseInsurance ExpenseCottagesLandAccounts ReceivableSupplies ExpenseAcc. Depr.-FurnitureCashDepreciation Expense?FurnitureSalaries PayableP.Harder, CapitalRepair ExpenseAcc. Depr.-CottagesPrepaid InsuranceFurnitureUnearned RentP.Harder, DrawingsInterest ExpenseSalaries ExpenseSuppliesMortgage Payable Depreciation Expense?FurnitureSuppliesUtilities ExpensePrepaid InsuranceInsurance ExpenseP.Harder, DrawingsUnearned RentMortgage PayableP.Harder, CapitalAccounts ReceivableRent RevenueSupplies ExpenseLandInterest ExpenseDepreciation Expense?CottagesInterest PayableSalaries ExpenseAcc. Depr.-CottagesCashCottagesRepair ExpenseFurnitureAccounts PayableAcc. Depr.-FurnitureSalaries Payable (To record cottage depreciation) 31 Salaries ExpenseSupplies ExpenseFurnitureUtilities ExpenseSalaries PayableDepreciation Expense?CottagesAccounts ReceivableInterest ExpenseSuppliesAccounts PayableMortgage PayableRepair ExpenseCashLandPrepaid InsuranceInterest PayableCottagesDepreciation Expense?FurnitureAcc. Depr.-CottagesP.Harder, CapitalAcc. Depr.-FurnitureP.Harder, DrawingsInsurance ExpenseUnearned RentRent Revenue SuppliesInsurance ExpenseLandCashPrepaid InsuranceRent RevenueAcc. Depr.-CottagesP.Harder, DrawingsInterest ExpenseMortgage PayableSupplies ExpenseInterest PayableDepreciation Expense?CottagesAcc. Depr.-FurnitureSalaries PayableSalaries ExpenseDepreciation Expense?FurnitureUnearned RentAccounts ReceivableP.Harder, CapitalCottagesAccounts PayableFurnitureRepair ExpenseUtilities Expense (To record furniture depreciation) 31 Acc. Depr.-CottagesSalaries PayableInsurance ExpenseSupplies ExpenseCottagesPrepaid InsuranceDepreciation Expense?CottagesMortgage PayableUnearned RentInterest PayableFurnitureRent RevenueDepreciation Expense?FurnitureUtilities ExpenseSalaries ExpenseP.Harder, CapitalAcc. Depr.-FurnitureAccounts ReceivableLandInterest ExpenseCashAccounts PayableSuppliesP.Harder, DrawingsRepair Expense Depreciation Expense?CottagesDepreciation Expense?FurnitureMortgage PayableRepair ExpenseSuppliesInsurance ExpenseFurniturePrepaid InsuranceP.Harder, CapitalRent RevenueP.Harder, DrawingsSalaries PayableSupplies ExpenseUnearned RentInterest PayableCashSalaries ExpenseAccounts ReceivableAcc. Depr.-FurnitureUtilities ExpenseAccounts PayableAcc. Depr.-CottagesInterest ExpenseLandCottages (To record rent earned) 31 Interest PayableSalaries ExpenseP.Harder, DrawingsSalaries PayableP.Harder, CapitalAcc. Depr.-CottagesRepair ExpenseSuppliesUnearned RentDepreciation Expense?FurnitureAccounts PayableLandAcc. Depr.-FurniturePrepaid InsuranceRent RevenueCottagesInsurance ExpenseUtilities ExpenseInterest ExpenseMortgage PayableSupplies ExpenseFurnitureDepreciation Expense?CottagesAccounts ReceivableCash Salaries ExpenseSuppliesAccounts ReceivableRepair ExpenseCashUtilities ExpenseLandUnearned RentInterest ExpenseCottagesFurnitureAccounts PayableAcc. Depr.-CottagesAcc. Depr.-FurnitureMortgage PayableP.Harder, CapitalP.Harder, DrawingsRent RevenueInterest PayableInsurance ExpenseSalaries PayableSupplies ExpensePrepaid InsuranceDepreciation Expense?CottagesDepreciation Expense?Furniture (To record accrued wages) 31 LandInterest ExpenseSalaries PayableUnearned RentSalaries ExpenseP.Harder, DrawingsSupplies ExpenseInsurance ExpenseAcc. Depr.-CottagesRent RevenueDepreciation Expense?CottagesFurnitureCashRepair ExpenseAcc. Depr.-FurnitureInterest PayableSuppliesAccounts ReceivableCottagesDepreciation Expense?FurnitureUtilities ExpenseAccounts PayableMortgage PayableP.Harder, CapitalPrepaid Insurance Insurance ExpenseAccounts PayableDepreciation Expense?FurnitureSalaries ExpenseUtilities ExpenseInterest ExpenseSuppliesCashAcc. Depr.-FurnitureP.Harder, CapitalRent RevenueAccounts ReceivableAcc. Depr.-CottagesSalaries PayableInterest PayablePrepaid InsuranceMortgage PayableFurnitureRepair ExpenseUnearned RentCottagesSupplies ExpenseDepreciation Expense?CottagesP.Harder, DrawingsLand (To record accrued rent) 31 CashUnearned RentRent RevenueLandPrepaid InsuranceAccounts ReceivableFurnitureSalaries PayableMortgage PayableCottagesSuppliesRepair ExpenseAccounts PayableDepreciation Expense?FurnitureP.Harder, CapitalP.Harder, DrawingsUtilities ExpenseAcc. Depr.-CottagesInterest ExpenseDepreciation Expense?CottagesInsurance ExpenseSalaries ExpenseAcc. Depr.-FurnitureInterest PayableSupplies Expense Interest ExpenseAccounts PayableAcc. Depr.-FurnitureCashSuppliesLandUnearned RentPrepaid InsuranceSupplies ExpenseAcc. Depr.-CottagesSalaries PayableMortgage PayableSalaries ExpenseInterest PayableAccounts ReceivableRepair ExpenseRent RevenueDepreciation Expense?CottagesP.Harder, DrawingsP.Harder, CapitalUtilities ExpenseInsurance ExpenseFurnitureCottagesDepreciation Expense?Furniture (To record interest expense) (b) Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.) (If an amount should be blank, enter a zero. All boxes must be filled to be correct.) Cash No. 101 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Supplies No. 126 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P 31 Adjusting J1 Prepaid Insurance No. 130 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P 31 Adjusting J1 Land No. 140 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P Cottages No. 143 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P Accumulated DepreciationCottages No. 144 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Furniture No. 149 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P Accumulated DepreciationFurniture No. 150 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P Unearned Rent No. 208 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P 31 Adjusting J1 Salaries Payable No. 212 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Interest Payable No. 230 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Mortgage Payable No. 275 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P P. Harder, Capital No. 301 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P P. Harder, Drawing No. 306 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P Rent Revenue No. 429 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P 31 Adjusting J1 31 Adjusting J1 Depreciation ExpenseCottages No. 620 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Depreciation ExpenseFurniture No. 621 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Repair Expense No. 622 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P Supplies Expense No. 631 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Interest Expense No. 718 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Insurance Expense No. 722 Date Explanation Ref. Debit Credit Balance Aug. 31 Adjusting J1 Salaries Expense No. 726 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P 31 Adjusting J1 Utilities Expense No. 732 Date Explanation Ref. Debit Credit Balance Aug. 31 Balance P (c) Prepare an adjusted trial balance on August 31. (If an amount should be blank, enter a zero. All boxes must be filled to be correct.) NEOSHO RIVER RESORT Adjusted Trial Balance August 31, 2010 Debit Credit Cash $ $ Accounts Receivable Supplies Prepaid Insurance Land Cottages Accumulated DepreciationCottages Furniture Accumulated DepreciationFurniture Accounts Payable Unearned Rent Salaries Payable Interest Payable Mortgage Payable P. Harder, Capital P. Harder, Drawing Rent Revenue Depreciation ExpenseCottages Depreciation ExpenseFurniture Repair Expense Supplies Expense Interest Expense Insurance Expense Salaries Expense Utilities Expense $ $ (d) Prepare an income statement and an owners equity statement for the 3 months ending August 31 and a balance sheet as of August 31. (List multiple entries from largest to smallest eg 10, 5, 3, 2. If amounts are the same, list alphabetically. For the balance sheet, list assets in order of liquidity and liabilities from largest to smallest eg 10, 5, 3, 2, with accounts payable listed first.) NEOSHO RIVER RESORT Income Statement August 31, 2010For the Three Months Ended August 31, 2010 Revenues Depreciation expense?cottagesUtilities expenseCottagesInterest PayableAccounts ReceivableSalaries PayableRent revenueSalaries expenseUnearned RentRepair expenseAccounts PayableMortgage PayableInsurance expenseP.Harder, CapitalLandSupplies expenseFurnitureP.Harder, DrawingsAcc. Depr.-CottagesDepreciation expense?furnitureInterest ExpenseCashSuppliesAcc. Depr.-FurniturePrepaid Insurance $ Expenses Depreciation expense?furnitureInsurance expenseCottagesUnearned RentSalaries PayableSuppliesP.Harder, DrawingsUtilities expenseAcc. Depr.-CottagesFurnitureRepair expenseDepreciation expense?cottagesCashP.Harder, CapitalSupplies expenseRent revenueAccounts PayableLandAcc. Depr.-FurnitureInterest PayableSalaries expenseAccounts ReceivableMortgage PayableInterest ExpnesePrepaid Insurance $ Depreciation expense?furnitureSalaries expenseInterest PayablePrepaid InsuranceRepair expenseP.Harder, CapitalAccounts PayableUnearned RentMortgage PayableRent revenueInterset ExpenseSupplies expenseSalaries PayableDepreciation expense?cottagesP.Harder, DrawingsAcc. Depr.-CottagesSuppliesCashLandCottagesInsurance expenseFurnitureAcc. Depr.-FurnitureAccounts ReceivableUtilities expense Unearned RentSalaries PayableAccounts PayableMortgage PayableP.Harder, CapitalSuppliesFurnitureInterest ExpenseP.Harder, DrawingsRent revenueAcc. Depr.-CottagesAcc. Depr.-FurnitureCashInterest PayablePrepaid InsuranceLandAccounts ReceivableRepair expenseUtilities expenseSalaries expenseDepreciation expense?furnitureSupplies expenseDepreciation expense?cottagesInsurance expenseCottages P.Harder, DrawingsInterest expenseUtilities expenseUnearned RentDepreciation expense?furnitureCottagesAcc. Depr.-FurnitureSalaries expenseSupplies expenseLandDepreciation expense?cottagesFurnitureP.Harder, CapitalMortgage PayableAcc. Depr.-CottagesSalaries PayableInterest PayableAccounts ReceivableInsurance expenseCashRepair expenseAccounts PayableSuppliesRent revenuePrepaid Insurance Depreciation expense?furnitureCottagesRent revenueInterest expenseRepair expenseSupplies expenseLandUnearned RentInterest PayableInsurance expenseAcc. Depr.-FurnitureAccounts PayableFurnitureP.Harder, CapitalUtilities expenseSalaries expenseDepreciation expense?cottagesAccounts ReceivableCashSuppliesPrepaid InsuranceMortgage PayableP.Harder, DrawingsAcc. Depr.-CottagesSalaries Payable Repair expenseP.Harder, CapitalDepreciation expense?furnitureLandCottagesRent revenueUtilities expenseAcc. Depr.-CottagesInsurance expenseAcc. Depr.-FurnitureFurnitureAccounts PayableP.Harder, DrawingsSalaries expenseUnearned RentAccounts ReceivableCashDepreciation expense?cottagesSuppliesMortgage PayableSalaries PayableInterest PayableSupplies expenseInterest expensePrepaid Insurance Unearned RentSalaries PayableSalaries expenseDepreciation expense?furnitureRent revenueCashSupplies expenseAcc. Depr.-FurnitureAccounts ReceivableRepair expenseP.Harder, CapitalAcc. Depr.-CottagesP.Harder, DrawingsLandUtilities expenseInterest expenseCottagesSuppliesInterest PayableInsurance expensePrepaid InsuranceFurnitureDepreciation expense?cottagesAccounts PayableMortgage Payable CashSalaries PayableCottagesAcc. Depr.-FurnitureAcc. Depr.-CottagesP.Harder, DrawingsFurnitureUtilities expenseAccounts PayableRent revenueUnearned RentAccounts ReceivableInterest ExpenseInsurance expenseDepreciation expense?cottagesSupplies expenseRepair expenseSuppliesSalaries expenseDepreciation expense?furnitureMortgage PayableP.Harder, CapitalPrepaid InsuranceLand Total expenses Net income $ NEOSHO RIVER RESORT Owner's Equity Statement For the Three Months Ended August 31, 2010August 31, 2010 Mortgage PayableSalaries PayableAcc. Depr.-CottagesDrawingsSupplies expenseCashP.Harder, Capital, August 31Interest PayableRepair expenseUtilities expenseAccounts ReceivableDepreciation expense?furnitureNet incomeAcc. Depr.-FurnitureAccounts PayableInsurance expenseRent revenueUnearned RentP.Harder, Capital, June 1SuppliesInvestment by ownerCottagesDepreciation expense?cottagesInterest expensePrepaid InsuranceSalaries expenseFurnitureLand $ FurnitureAcc. Depr.-CottagesInterest expenseSuppliesCottagesLandNet incomeAcc. Depr.-FurnitureAccounts PayableInsurance expenseInterest PayableSupplies expensePrepaid InsuranceUnearned RentSalaries PayableMortgage PayableAccounts ReceivableInvestment by ownerDrawingsP.Harder, Capital, June 1Depreciation expense?cottagesP.Harder, Capital, August 31CashDepreciation expense?furnitureRepair expenseUtilities expenseSalaries expenseRent revenue Add: Utilities expenseDepreciation expense?cottagesCashAccounts ReceivableAcc. Depr.-FurnitureLandNet incomePrepaid InsuranceInsurance expenseP.Harder, Capital, June 1SuppliesSalaries PayableFurnitureInvestment by ownerSupplies expenseAccounts PayableInterest expenseDrawingsP.Harder, Capital, August 31Depreciation expense?furnitureRepair expenseInterest PayableCottagesSalaries expenseUnearned RentRent revenueMortgage PayableAcc. Depr.-Cottages Less: Depreciation expense?furnitureInsurance expenseAccounts ReceivableInterest expenseDepreciation expense?cottagesInterest PayableFurnitureRent revenueSupplies expenseDrawingsCashSuppliesAccounts PayableCottagesPrepaid InsuranceUnearned RentRepair expenseSalaries PayableUtilities expenseMortgage PayableAcc. Depr.-CottagesSalaries expenseLandAcc. Depr.-FurnitureNet incomeInvestment by ownerP.Harder, Capital, June 1P.Harder, Capital, August 31 Depreciation expense?furnitureAcc. Depr.-FurnitureCashSalaries expenseSuppliesMortgage PayableInterest PayableSupplies expenseSalaries PayableAcc. Depr.-CottagesRent revenuePrepaid InsuranceAccounts ReceivableP.Harder, Capital, August 31DrawingsDepreciation expense?cottagesLandNet incomeCottagesFurnitureAccounts PayableInvestment by ownerUnearned RentP.Harder, Capital, June 1Insurance expenseInterest expenseRepair expenseUtilities expense $ NEOSHO RIVER RESORT Balance Sheet For the Three Months Ended August 31, 2010August 31, 2010 Assets Interest payableCottagesFurniturePrepaid insuranceSalaries expenseAcc. Depr.-cottagesUnearned rentAcc. Depr.-furnitureCashInsurance expenseMortgage payableInterest ExpenseSuppliesAccounts receivableDepreciation expense?cottagesAccounts PayableRent revenueLandSalaries payableP.Harder, CapitalUtilities expenseSupplies expenseRepair ExpenseDepreciation expense?furnitureP.Harder, Drawings $ Rent revenueAcc. Depr.-cottagesP.Harder, CapitalCottagesInterest payableInsurance expenseCashAcc. Depr.-furnitureAccounts PayableSalaries payableInterest ExpenseDepreciation expense?furnitureRepair ExpenseAccounts receivableSupplies expenseSuppliesPrepaid insuranceFurnitureMortgage payableP.Harder, DrawingsUnearned rentDepreciation expense?cottagesUtilities expenseSalaries expenseLand LandDepreciation expense?cottagesRepair ExpenseUnearned rentSupplies expenseSuppliesInterest payableSalaries payableAccounts receivableP.Harder, CapitalAcc. Depr.-cottagesInsurance expenseUtilities expenseInterest ExpensePrepaid insuranceSalaries expenseCashRent revenueMortgage payableCottagesDepreciation expense?furnitureP.Harder, DrawingsFurnitureAccounts PayableAcc. Depr.-furniture Insurance expenseLandSalaries payableMortgage payableP.Harder, DrawingsAccounts PayableDepreciation expense?cottagesUnearned rentFurnitureInterest ExpenseRent revenueRepair ExpensePrepaid insuranceSupplies expenseUtilities expenseAcc. Depr.-cottagesP.Harder, CapitalSuppliesAccounts receivableSalaries expenseCashCottagesAcc. Depr.-furnitureInterest payableDepreciation expense?furniture Acc. Depr.-cottagesP.Harder, CapitalInterest ExpenseSalaries expenseAcc. Depr.-furnitureInsurance expenseP.Harder, DrawingsRepair ExpenseDepreciation expense?cottagesCashAccounts PayableUtilities expenseRent revenueLandSalaries payableMortgage payablePrepaid insuranceSuppliesDepreciation expense?furnitureAccounts receivableSupplies expenseUnearned rentInterest payable Insurance expensePrepaid insuranceSalaries payableSuppliesAccounts PayableRepair ExpenseSupplies expenseInterest ExpenseAccounts receivableDepreciation expense?furnitureCottagesP.Harder, CapitalCashUtilities expenseAcc. Depr.-furnitureMortgage payableUnearned rentInterest payableRent revenueAcc. Depr.-cottagesDepreciation expense?cottagesSalaries expenseP.Harder, Drawings $ Less: LandAccounts PayableUnearned rentInterest ExpenseRepair ExpenseMortgage payableAcc. Depr.-furnitureAcc. Depr.-cottagesSalaries payableInterest payableSalaries expenseSuppliesUtilities expenseP.Harder, CapitalCottagesInsurance expenseCashAccounts receivableRent revenueSupplies expenseDepreciation expense?cottagesDepreciation expense?furnitureP.Harder, DrawingsFurniturePrepaid insurance Salaries payableUnearned rentInterest payableMortgage payableAccounts receivableDepreciation expense?furnitureP.Harder, CapitalCashSuppliesAcc. Depr.-furnitureAcc. Depr.-cottagesSupplies expenseUtilities expenseInterest ExpenseInsurance expenseDepreciation expense?cottagesP.Harder, DrawingsSalaries expenseAccounts PayableRent revenueRepair ExpenseFurniturePrepaid insurance Less: Mortgage payableLandAccounts receivableP.Harder, DrawingsFurnitureInterest ExpensePrepaid insuranceInterest payableUnearned rentAccounts PayableP.Harder, CapitalSalaries payableSuppliesRepair ExpenseAcc. Depr.-furnitureInsurance expenseAcc. Depr.-cottagesDepreciation expense?cottagesCottagesDepreciation expense?furnitureUtilities expenseSupplies expenseSalaries expenseRent revenueCash Total assets $ Liabilities and Owner's Equity Liabilities FurnitureAccounts receivableCashUtilities expenseP.Harder, DrawingsInterest payableSalaries expensePrepaid insuranceRepair ExpenseInsurance expenseLandUnearned rentAcc. Depr.-cottagesRent revenueCottagesSuppliesDepreciation expense?cottagesSalaries payableP.Harder, CapitalSupplies expenseInterest ExpenseDepreciation expense?furnitureAcc. Depr.-furnitureAccounts PayableMortgage payable $ Depreciation expense?cottagesUtilities expenseDepreciation expense?furnitureSuppliesSalaries expenseRent revenueP.Harder, DrawingsInsurance expenseFurnitureLandAccounts receivableCashPrepaid insuranceP.Harder, CapitalUnearned rentSupplies expenseInterest ExpenseAccounts PayableRepair ExpenseMortgage payableAcc. Depr.-furnitureAcc. Depr.-cottagesCottagesInterest payableSalaries payable Mortgage payableRepair ExpenseFurnitureAccounts receivableSuppliesCashPrepaid insuranceInterest ExpenseAcc. Depr.-furnitureDepreciation expense?furnitureAccounts PayableP.Harder, CapitalInterest payableSalaries expenseAcc. Depr.-cottagesUnearned rentSalaries payableCottagesLandDepreciation expense?cottagesInsurance expenseSupplies expenseUtilities expenseRent revenueP.Harder, Drawings Unearned rentMortgage payableP.Harder, CapitalSalaries expenseAcc. Depr.-furnitureInsurance expenseRepair ExpenseInterest payableRent revenuePrepaid insuranceCashSupplies expenseSalaries payableUtilities expenseAcc. Depr.-cottagesInterest ExpenseP.Harder, DrawingsDepreciation expense?cottagesLandSuppliesAccounts PayableDepreciation expense?furnitureFurnitureCottagesAccounts receivable Prepaid insuranceAcc. Depr.-furnitureCashMortgage payableCottagesInsurance expenseFurnitureDepreciation expense?furnitureInterest payableInterest ExpenseAccounts PayableAcc. Depr.-cottagesRent revenueLandSuppliesRepair ExpenseSalaries payableUnearned rentP.Harder, CapitalP.Harder, DrawingsAccounts receivableDepreciation expense?cottagesUtilities expenseSalaries expenseSupplies expense Total liabilities Owner's equity Rent revenueCashUtilities expenseSupplies expenseInterest payableDepreciation expense?cottagesAccounts receivablePrepaid insuranceDepreciation expense?furnitureSalaries payableAcc. Depr.-furnitureMortgage payableRepair ExpenseUnearned rentCottagesInterest ExpenseAccounts PayableInsurance expenseSuppliesP.Harder, CapitalSalaries expenseAcc. Depr.-cottagesFurnitureP.Harder, DrawingsLand Total liabilities and owner's equity