Problem and Short answer: P4413 (2 points) P4-3B Maquolteta Valley Resort opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is presented here. MAQUDKETA VALLEY RESDRT Trial Balance August 31, 2012 Debit Credit Cash 5: 24,000 Prepaid Insurance 5,400 Supplies 4,300 Land 40,000 Buildings 132,000 Equipment 30,000 Accounts Payable $ 0,500 Unearned Rent Revenue 0,000 Mortgage Payable 120,000 Common Stock 100,000 Dividends 5,000 Rent Revenue 00,000 Salaries and Wages Expense 53,000 Utilities Expense 0,400 Maintenance and Repairs Expense 3,000 $313,3oo $313,300 Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies on August 31 shows 5300 of supplies on hand. 3. Annual depreciation is $0,000 on buildings and $4,000 on equipment. 4. Unearned rent of $5,000 was earned prior to August 31. 5. Salaries of $000 were unpaid atAugust 31. 0. Rentals of $1,000 were due from tenants at August 31. (Use Accounts Receivable.) T. The mortgage interest rate is 0% per year. [The mortgage was taken out August 1.)