Question: can i get help with the adjusted trail balance please Splish Resort opened for business on June 1 with eight air-conditioned units. Its trial balance

can i get help with the adjusted trail balance please
can i get help with the adjusted trail balance please Splish 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 1,2020 .
2. An inventory count on August 31 shows $444 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 $3,664 was earned prior to August 31. 5. SaladiosofS3A0.wareunnalidat Aueust.31

Splish 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 1,2020 . 2. An inventory count on August 31 shows $444 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 $3,664 was earned prior to August 31. 5. SaladiosofS3A0.wareunnalidat Aueust.31 5. Salaries of $340 were unpaidat August 31 . 6. Rentals of $746 were due from tenants at August 31. (Use Accounts Receivable account.) 7. The mortgage interest rate is 8% per year. (a) Your answer is correct. Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Round answers to the nearest whole dollar, e.s. 5.275. Credit account tities are automatically indented when omount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) 2.Aug31 7356 Supplies 3. (a) Aug 31 Depieclation Expense 4152 Accumuiated Depreciation: Bulldine 3. (b) Aug: Depreclation Expense 540 Accumbiated Desseciation- Equipment 5. Aug 31 Ssintios and Wakes Eapinse 340 5. Aug 746 Rens Pevenve 7. Aug. 746 7. 31 Intereit Exyente Interost Payable ance Buildings $ 8775 Equilpinent Aecounts Pavable Uneamod Rent Revenum Chotalncul Farnines Supplaes Expense Accumblaked Deprectation-Builiding Rccumulated Depreciation.Equipment? Sulariessand Wages Payable Depieciation Expense Arcoonts fieceivable Interest Expensie Totals eTextbook and Media

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!