prepare trail balance

Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare an adjusted trial balance as at August 31. Ayayai Cottages Trial Balance Debit Credit re to search op After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage rental business on June 1, 2021. The trial ba Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Credit Debit $5,900 Cash Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000 Furniture 15,000 Accounts Payable Unearned Revenue $5,500 4,400 Notes Payable 74,000 A. Forges, Capital A. Forges, Drawings 94,000 4,700 60,000 Rent Revenue Salaries Expense 40,000 Utilities Expense 8,300 3,700 Repairs Expense $237,900 $237,900 Other data: The balance in Prepaid Insurance is a one-year premium paid on June 1, 2021. A count on August 31 shows $500 of supplies on hand. Annual depreciation for buildings is based on a 25-year useful life. Annual depreciation for furniture based on a 10-year useful life. Unearned Revenue of $3,700 for rent was earned prior to August 31. Salaries of $410 were unpaid at August 31. Rent revenue of $820 were due from tenants at August 31. (Use Accounts Receivable.) The note payable interest rate is 6% per year. 1. 2. 3. 4. 5. 6. 7. 8. Journalize the adjusting entries on August 31 for the three-month period June 1 to August 31. (Round answers to 0 decimal places, e.g. 152. Credit nnt indent manually If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)