Wildhorse Resort opened for business on June 1 with eight-air condintioned units. It's trial balance on August 31 is as follows.

Exercise 3-10 (Part Level Submission) 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 AUGUST 31, 2017 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 96,300 Retained Earnings 9,000 Dividends 5,000 Rent Revenue 78,200 Salaries and Wages Expense 44.800 Utilities Expenses 9,200 Maintenance and Repairs Expense Totals $261,200 $261.200 3,600 Totals $261,200 $261,200 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2017. 2. An inventory count on August 31 shows $477 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 $3,784 was earned prior to August 31. 5. Salaries of $380 were unpaid at August 31. 6. Rentals of $801 were due from tenants at August 31. (Use Accounts Receivable account.) 7. The mortgage Interest rate is 8% per year. (a) Your answer is partially correct. Try again. Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Round answers to the nearest w entry is required, select "No entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit 1. Aug 31 Insurance Expense 1950 No. Prepaid Insurance 1950 ARR3 No. Date Account Titles and Explanation Debit Credit 1. Aug. 31 Insurance Expense 1950 Prepald Insurance 1950 2. Aug. 31 Supplies Expenses 5423 Supplies 5423 3. (a) Aug. 31 Depreciation Expense 4392 Accumulated Depreciation-Building 12200 HS 3. (b) Aug. 31 Depreciation Expense 4392 Accumulated Depreciation-Equipment 12200 Aug. 31 Unearned Bent Revenue 3784 Rent Revenue 3784 5. Aug, 31 Salaries and Wages Expense 380 Salaries and Wages Payable 380 (b) Aug. 31 Depreciation Expense 4392 Accumulated Depreciation-Equipment 12200 Aug. 31 Unearned Rent Revenue 3784 Rent Revenue 3784 5. Aug. 31 Salaries and Wages Expense 380 Salaries and Wages Payable 380 6. Aug. 31 Accounts Receivable 801 Rent Revenue 801 7. Aug. 31 Interest Expense 1620 Interest Payable 1620 Click if you would like to show Work for this question: Qren Show Work