Oriole Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. ORIOLE RESORT Trial Balance August 31, 2025 Debit Credit Cash $25,600 Prepaid Insurance 10,500 Supplies 8,600 Land 30,000 Buildings 130,000 Equipment 26,000 Accounts Payable Unearned Rent Revenue Mortgage Payable $10,500 10.600 70,000 Common Stock 116,000 Retained Earnings 0 Dividends 5,000 Rent Revenue 86,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $293,300 $293,300 1 The balance in prepaid insurance is a one-year premium paid on June 1, 2025. 2 An inventory count on August 31 shows $438 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4%) and (b) equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $3,866 was earned prior to August 31. 5. Salaries of $357 were unpaid at August 31. 6. Rentals of $819 were due from tenants at August 31. 7. The mortgage interest rate is 8% per year. (a) Your Answer Correct Answer Your answer is correct. Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Round answers to the nearest whole dollar, eg. 5,275. Do not round intermediate calculations. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) No. Date Account Titles and Explanation 1 Aug. 31 Insurance Expense Prepaid Insurance Debit 2625 Credit 2625 "Insurance Expense 2625 31 Prepaid Insurance Aug 2 Supplies Expense 31 Supplies Aug. 3. (a) Depreciation Expense 31 Accumulated Depreciation-Buildings Aug- 3. (b) Depreciation Expense 31 Accumulated Depreciation-Equipment Aug A. Unearned Rent Revenue 31 Rent Revenue Aug. 5. Salaries and Wages Expense 31 Salaries and Wages Payable Aug 6. Accounts Receivable 31 Rent Revenue Aug 7. Interest Expeme 31 Interest Payable 8162 1170 585 3866 352 819 1400 2625 8162 1170 585. 3866 357 819 1400 Prepare an adjusted trial balance on August 31. (Do not list those accounts that have zero ending balance.) ORIOLE RESORT Adjusted Trial Balance August 31, 2025 Debit Credit