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rses/25565/assignments/3777698 Bramble Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Credit BRAMBLE RESORT

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rses/25565/assignments/3777698 Bramble Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Credit BRAMBLE RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Cash $23,800 Prepaid Insurance 8,700 Supplies 6,800 Land 28,000 Buildings 128,000 Equipment 24,000 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends 5,000 Rent Revenue Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $281,900 $8,700 8,800 68,000 103,200 9,000 84,200 $281,900 Other data: Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020. 2. An inventory count on August 31 shows $461 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4%) (b) equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $3,666 was earned prior to August 31. 5. Salaries of $346 were unpaid at August 31. 6. Rentals of $837 were due from tenants at August 31. (Use Accounts Receivable account) 7. The mortgage interest rate is 8% per year. Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts) Debit Credit No. Date Account Titles and Explanation 1. Aug. 31 2. Aug. 31 3. (a) Aug 31 3. (b) Aug. 31 4. Aug. 31 5. Aug. 31 6. Aug 31 7. Aug. 31 n/courses/25565/assignments/3777698 Prepare an adjusted trial balance on August 31. BRAMBLE RESORT Adjusted Trial Balance Debit Credit

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