(B Only) Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.)

P3-2B Maquoketa River Resort opened for business on June 1 with eight air- conditioned units. Its trial balance before adjustment on August 31 is as follows. MAQUOKETA RIVER RESORT Trial Balance August 31, 2019 Credit Account Number 101 126 130 Debit Cash $ 19,600 Supplies 3,300 Prepaid Insurance 6,000 Land 25,000 Buildings 125,000 Equipment 26,000 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Dividends 5,000 Rent Revenue Maintenance and Repairs Expense 3,600 Salaries and Wages Expense 51,000 Utilities Expense 9,400 $273.900 $ 6,500 7,400 80,000 100,000 80,000 622 726 732 $273.900 In addition to those accounts listed on the trial balance, the chart of accounts for Maquoketa River Resort also contains the following accounts and account numbers: No. 112 Accounts Receivable, No. 142 Accumulated Depreciation- Buildings, No. 150 Accumulated Depreciation Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Insurance expires at the rate of $300 per month. 2. A count on August 31 shows $800 of supplies on hand. 3. Annual depreciation is $6,000 on buildings and $2,400 on equipment. 4. Unearned rent revenue of $4,800 has been earned. 5. Salaries of $400 were unpaid at August 31. 6. Rentals of $4,000 were due from tenants at August 31. 7. The mortgage interest rate is 9% per year. (The mortgage was taken out on August 1.) Instructions (a) Journalize the adjusting entries on August 31 for the 3-month period June 1- August 31. (b) Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.) (c) Prepare an adjusted trial balance on August 31. (d) Prepare an income statement and a retained earnings statement for the 3 months ending August 31 and a balance sheet as of August 31. (c) Adj. trial balance $281,000