Other data:

1.		The balance in prepaid insurance is a one-year premium paid on June 1, 2020.
2.		An inventory count on August 31 shows $465 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 $3,618 was earned prior to August 31.
5.		Salaries of $383 were unpaid at August 31.
6.		Rentals of $812 were due from tenants at August 31. (Use Accounts Receivable account.)
7.		The mortgage interest rate is 8% per year.

Prepare an adjusted trial balance on August 31.

Concord Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. CONCORD RESORT TRIAL BALANCE AUGUST 31, 2020 Debit $21,100 Credit 6,000 4,100 30,000 130,000 26,000 $6,000 renue 6.100 70,000 102,500 9.000 5,000 86,200 Expense 44,800 9,200 epairs Expense 3,600 $279,800 $279.800 Concord Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. CONCORD RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Cash $21,100 Prepaid Insurance 6,000 Supplies 4,100 30,000 Land Buildings 130,000 Equipment 26,000 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends 5,000 44,800 Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense 9.200 3,600 $279,800