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Wildhorse Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. WILDHORSE RESORT TRIAL

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Wildhorse Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. WILDHORSE RESORT TRIAL BALANCE Cash Prepaid Insurance Supplies Land Buildings Equipment Accounts Payable AUGUST 31, 2020 Debit Credit Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue $25,000 9,900 8,000 26,000 126,000 22,000 $9,900 10,000 66,000 102,400 9,000 5,000 82,200

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