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 Cash $24,100 Prepaid Insurance 9,000 Supplies 7,100 Land 30,000 Buildings 130,000 Equipment 26,000 Accounts Payable $9,000 Unearned Rent Revenue 9,100 Mortgage Payable 70,000 Common Stock 105,500 Retained Earnings 9,000 Dividends 5,000 Rent Revenue 86,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 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 1August 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 1. Aug. 31 Insurance Expense 2250 Prepaid Insurance 2250 2. Aug. 31 Supplies Expense 6668 Supplies 6668 3. (a) Aug. 31 Depreciation Expense 1170 Accumulated Depreciation-Building 1170 3. (b) Aug. 31 Depreciation Expense 585 Accumulated Depreciation-Equipment 585 4. Aug. 31 Unearned Rent Revenue 3986 Rent Revenue 3986 5. Aug. 31 Salaries and Wages Expense 404 Salaries and Wages Payable 404 6. Aug. 31 Accounts Receivable 840 Rent Revenue 840 7. Aug. 31 Interest Expense 1400 Interest Payable 1400 eTextbook and Media List of Accounts Prepare an adjusted trial balance on August 31. VAUGHN RESORT Adjusted Trial Balance August 31, 2020 Debit Credit Totals $ $