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

Other data:1. The balance in prepaid insurance is a one-year premium paid on June 1, 2012.2. An inventory count on August 31 shows $650 of supplies on hand.3. Annual depreciation rates are buildings (4%) and equipment (10%). Salvage value is estimated to be 10% of cost.4. Unearned Rent Revenue of $3,800 was earned prior to August 31.5. Salaries of $375 were unpaid at August 31.6. Rentals of $800 were due from tenants at August 31.7. The mortgage interest rate is 8% per year.Instructions(a) Journalize the adjusting entries on August 31 for the 3-month period June 1??August 31. (Omit explanations.)(b) Prepare an adjusted trial balance on August31.

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UHURA RESORT TRIAL BALANCE AUGUST 31, 2012 Credit Debit $ 19,600 4,500 Cash Prepaid Insurance Supplies 2,600 Land 20,000 120,000 16,000 Buildings Equipment Accounts Payable $ 4,500 4.600 50,000 Unearned Rent Revenue Mortgage Payable Common Stock 100,000 Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense 5,000 86,200 44,800 9,200 3,600 $245,300 $245,300