2 things. journalize the adjusting entries for the three month period June 1 to Aug 31. then a

trial balance

Credit STANDARD VIEW PR Cash $5,730 Prepaid Insurance 3,528 Supplies 1,910 Land 21,200 Buildings 133,000 Furniture 16,800 Accounts Payable $4,900 Unearned Revenue 5,000 Notes Payable 78,000 A. Forges, Capital 88,000 A. Forges, Drawings 4,600 Rent Revenue 68,568 Salaries Expense 47,000 Utilities Expense 8,100 Repairs Expense 2,600 $244,468 $244,468 Other data: 1. N The balance in Prepaid Insurance is a one-year premium paid on June 1, 2017. A count on August 31 shows $440 of supplies on hand. m Annual depreciation for buildings is based on a 25-year useful life. Annual depreciation for furniture based on a 10-year useful life. Unearned Revenue of $3,700 for rent was earned prior to August 31. Salaries of $365 were unpaid at August 31. Rental fees of $800 were due from tenants at August 31 (Use Accounts Receivable A/c). The note payable interest rate is 6% per year