Sun Valley Resort opened for business on June 1 with eight air-conditioned units. After being in operation for one quarter, Sun Valley is putting together its financial statements. Its trial balance before adjustment on August 31 is presented here. Sun Valley Resort Trial Balance As of August 31, 2017 Debit Credit Cash $24,600 Prepaid Insurance 5,400 Supplies 4,300 Land 40,000 Buildings 132,000 Equipment 36,000 Accounts Payable $6,500 Unearned Rent Revenue 6,800 Mortgage Payable 120,000 Common Stock 100,000 Dividends 5,000 Rent Revenue 80,000 Salaries and Wages Expense 53,000 Utilities Expense 9,400 Maintenance and Repairs Expense 3,600 Totals $313,300 $313,300 Other data: a) On June 1, the company purchased a 12-month insurance policy. b) A count of supplies on August 31 shows $700 of supplies on hand. c) Unearned rent of $5,000 was earned prior to August 31. d) Salaries of $600 were unpaid at August 31. e) Rentals of $1,600 were due from tenants at August 31. f) The 15-year mortgage was taken out on June 1, payable annually with an interest rate of 9% per year. ?

1.) Prepare a ledger using T accounts. Enter the trial balance amounts and post the adjusting entries.

2.) Prepare an income statement, statement of retained earnings and classified balance sheet for the end of the quarter, August 31.

(Need a lot of help with number 1 mostly, but if I could get help with both that would be great- thanks!)