Other data: After retiring from working in the high-tech industry, Albert Forges borrowed $ 76,000 and started a cottage rental business on June 1,2021. The trial balance for Sarasota Cottages on August 31, 2021 is as follows: 1. . The balance in Prepaid Insurance is a one-year premium paid on June 1, 2021. Sarasota Cottages Unadjusted Trial Balance August 31, 2021 2. 2. A count on August 31 shows $ 600 of supplies on hand. Debit Credit 3. Annual depreciation for buildings is based on a 25-year useful life. Cash $ 7,400 3.300 4. Annual depreciation for furniture based on a 10-year useful life. Prepaid Insurance 5. Supplies 1.800 Unearned Revenue of $ 3.700 for rent was earned prior to August 31. Land 21.000 6. Salaries of $ 410 were unpaid at August 31. Buildings 131,000 7. Rent revenue of $ 780 were due from tenants at August 31. (Use Accounts Receivable.) 14.000 Furniture Accounts Payable Unearned Revenue The note payable interest rate is 6% per year. . 8. $4,300 4,600 Notes Payable 76,000 86,000 A. Forges, Capital , A. Forges, Drawings 4.800 Your answer is partially correct. Rent Revenue 70,800 Salaries Expense 47,000 Utilities Expense Journalize the adjusting entries on August 31 for the three-month period June 1 to August 31. (Round answers to O decimal places, e.g. 152. 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 Ofor the amounts.) 8.600 Repairs Expense 2.800 $ 241,700 $ $ 241,700 No. Date Account Titles and Explanation Debit Credit