Whispering Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on...
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Whispering Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. WHISPERING RESORT Trial Balance August 31, 2025 Debit Credit Cash $22,900 Prepaid Insurance 7,800 Supplies 5,900 Land 22,000 Buildings 122,000 Equipment 18,000 Accounts Payable $7,800 Unearned Rent Revenue 7,900 Mortgage Payable 62,000 Common Stock 105,300 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 $261,200 $261,200 Other data: The balance in prepaid insurance is a one-year premium paid on June 1, 2025. Whispering Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. WHISPERING RESORT Trial Balance August 31, 2025 Debit Credit Cash $22,900 Prepaid Insurance 7,800 Supplies 5,900 Land 22,000 Buildings 122,000 Equipment 18,000 Accounts Payable $7,800 Unearned Rent Revenue 7,900 Mortgage Payable 62,000 Common Stock 105,300 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 $261,200 $261,200 Other data: The balance in prepaid insurance is a one-year premium paid on June 1, 2025.
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