Vaughn Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. VAUGHN RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Credit $24,100 9,000 7,100 30,000 130,000 26,000 Cash Prepaid Insurance Supplies Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense $9,000 9,100 70,000 105,500 9,000 5,000 86,200 44,800 9,200 3,600 $288,800 $288,800 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 $432 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 $3,986 was earned prior to August 31. 5. Salaries of $404 were unpaid at August 31. 6. Rentals of $840 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 o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Aug. 31Tinsurance Expense 2,2501 Prepaid Insurance 2,250 2. Aug. 31 TSupplies Expense 6,668 Supplies 6,668 3. (a) Aug. 31 Depreciation Expense 1,170 1,170 Accumulated Depreciati o 3. (b) Aug. 31 Depreciation Expense M 585 Accumulated Depreciati 585 4. Aug. 31 Tunearned Rent Revenue 3,986 Rent Revenue 3,986 5. Aug. 31 Tsalaries and Wages Expen 404 Salaries and Wages Pay 404 6. Aug. 314 Accounts Receivable 840 Rent Revenue 840 7. Aug. 314 Interest Expense 1,400 Interest Payable 1,400 clik if you would like to show Work for this auction non blank Show Work Prepare an adjusted trial balance on August 31. VAUGHN RESORT Adjusted Trial Balance August 31, 2020 Debit Credit Cash 24,100 $1 Prepaid Insurance 6,750 Supplies 432 Land 30,000 Buildings 130,000 Equipment 26,000 Accounts Payable 9,000 Unearned Rent Revenue 5,114 Mortgage Payable 70,000 Common Stock 105,500 Retained Earnings 9,000 Dividends 5,000 Rent Revenue 91,026 Salaries and Wages Expen: 45,204 Utilities Expenses 9,200 Maintenance and Repairs E 3,600 Insurance Exp Maintenance and Repairs Expense 2,250 Supplies Expense 6,668 Depreciation Expense 1,755 [Accumulated Depreciation- 1755 Salaries and Wages Payabl 404 Accounts Receivable 840 Interest Expense 1,400 Interest Payable 1,400 x Totals 293,199 293,199