QUESTION TWO: (25 MARKS) (SUGGESTED TIMU 25 MINUTES) Badri Alver Resort opened for business on June 1 with eight air-conditioned rooms. Its trial balance before adjustment on August 31 is as follows. BADRI RIVER RESORT Trial Balance August 31, 2016 Account Number Debit Credit 101 Cash $ 19,600 126 Supplies 3.300 130 Prepaid Insurance 6,000 140 Land 25,000 143 Buildings 125.000 149 Equipment 26,000 201 Accounts Payable $6,500 208 Unearned Rent Revenue 7.400 275 Mortgage Payable 80,000 301 Owner's Capital 100,000 306 Owner's Drawings 5.000 429 Rent Revenue 80,000 622 Maintenance and Repairs Expense 3,600 726 Salaries and Wages Expense 51,000 232 Utilities Expense 9.400 $273.900 $273.900 In addition to those accounts listed on the trial balance, the chart of accounts for Badri River Resort Iso contains the following accounts and account numbers: No. 112 Accounts Receivable, No. 144 Accumulated Depreciation ---Buildings, No. 150 Accumulated Depreciation--Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 620 Depreciation Expense, No. 631 Supplies Expense, and No. 722 Insurance Expense. Other data: 1. Insurance expires at the rate of $300 per month. 2. A count on August 31 shows $800 of supplies on hand. 3. Annual depreciation is $6,000 on buildings and $2,400 on equipment 4. Unearned rent revenue of $4,800 was earned before August 31. 5. Salaries of $400 were unpald at August 31. Required: Prepare the adjusting entries for the month of August 2016