TRIAL BALANCE AUGUST 31, 2020 Debit Credit Cash $19,900 Prepaid Insurance 4,800 Supplies 2,900 Land 22,000 Buildings 122,000 Equipment 18,000 Accounts Payable $4,800 Unearned Rent Revenue Mortgage Payable Common Stock 4,900 62,000 93,300 Retained Earnings 9,000 Dividends 5,000 Rent Revenue 78,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $252,200 $252,200 Other data: 1. 2. 3. The balance in prepaid insurance is a one-year premium paid on June 1, 2020. An inventory count on August 31 shows $429 of supplies on hand. Annual depreciation rates are (a) buildings (4%) (b) equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $3,679 was earned prior to August 31. 5. Salaries of $342 were unpaid at August 31. 6. Rentals of $744 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 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit