Tamarisk Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. TAMARISK RESORT Trial Balance August 31, 2025 Debit Credit Cash Prepaid Insurance Supplies Land Buildings Equipment $24,400 9,300 7,400 22,000 122,000 18,000 Accounts Payable Unearned Rent Revenue Mortgage Payable $9,300 9,400 62,000 Common Stock 106,800 Retained Earnings 0 Dividends 5,000 Rent Revenue 78,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $265,700 $265,700 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2025. 2. An inventory count on August 31 shows $447 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4%) and (b) equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $3,829 was earned prior to August 31. 5. Salaries of $382 were unpaid at August 31. 6. Rentals of $789 were due from tenants at August 31. 7. The mortgage interest rate is 8% per year. 3