Novak Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. NOVAK RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Credit Cash $ 27.100 Prepaid Insurance 12,000 Supplies 10,100 Land 30,000 130,000 26,000 Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings $ 12,000 12,100 70,000 108,500 9,000 Question 1 of 4 Buildings 130,000 Equipment 26,000 Accounts Payable $ 12,000 Unearned Rent Revenue 12,100 Mortgage Payable 70,000 Common Stock 108,500 Retained Earnings 9,000 Dividends 5,000 86,200 Rent Revenue Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $ 297,800 $ 297,800 Other data: Question 1 of 4