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: Cash $21,100, Prepaid Insurance 6,000, Supplies 4,100, Land 30,000, Buildings 130,000, Equipment, 26,000, Dividends 5,000, Salaries and Wages Expense 44,800, Utilities Expenses 9,200, Maintenance and Repairs Expense 3,600. Credits: Accounts Payable $6,000, Unearned Rent Revenue 6,100, Mortgage Payable 70,000, Common Stock 102,500, Retained Earnings 9,000,, Rent Revenue 86,200. Total: $279,800 Other Data: The balance in prepaid insurance is a one-year premium paid 1. on June 1, 2020. 2. An inventory count on August 31 shows $465 of supplies on hand. Annual depreciation rates are (a) buildings (4%) 3. (b) equipment (10%). Salvage value is estimated to be 10% of cost. Unearned Rent Revenue of $3,618 was earned prior to 4. August 31. 5. Salaries of $383 were unpaid at August 31. Rentals of $812 were due from tenants at August 31. (Use 6. Accounts Receivable account.) 7. The mortgage interest rate is 8% per year