Windsor Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. WINDSOR RESORT TRIAL BALANCE AUGUST 31, 2017 Debit Credit Cash $1.992 Prepaid Insurance 472 Supplies 292 Land 3,600 Buildings 13,600 Equipment 3,200 Accounts Payable $482 Unearned Rent Revenue 492 Mortgage Payable 7,600 10,732 890 500 Common Stock Retained Earnings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense 9,220 4,480 920 360 $29.416 $29.416 Other data: 1. 2 The balance in prepaid insurance is a one-year premium paid on June 1, 2017 An inventory count on August 31 shows $44 of supplies on hand. Annual depreciation rates are (a) buildings (10%) and (b) equipment (15%). Salvage vakie is estimated to be 10% of cost. 3 4. 5. Unearned Rent Revenue of $380 was earned prior to August 31. Salaries of $40 were unpaid at August 31. Rentals of $74 were due from tenants at August 31. (Use Accounts Receivable account.) The mortgage interest rate is 6% per year. 6. 7. (a) Journalize the adjusting entries on August 31 for the 3-month period June 1 August 31. (Round answers to the nearest whole dollar, c. 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 for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Aug. 31