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Prepare an adjusted trial balance on August 31. Cheyenne Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August
Prepare an adjusted trial balance on August 31.
Cheyenne Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. CHEYENNE RESORT TRIAL BALANCE AUGUST 31, 2017 Debit $27,100 12,000 10,100 30,000 130,000 26,000 Credit Cash Prepaid Insurance Supplies Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense Totals $12,000 12,100 70,000 108,500 9,000 5,000 86,200 44,800 9,200 3,600 $297,800 $297,800 Other dataStep by Step Solution
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