View Policies Current Attempt in Progress After retiring from working in the high-tech industry, Albert Forges borrowed $78,000 and started a cottage rental business on June 1, 2021. The trial balance for Swifty Cottages on August 31, 2021 is as follows: Swifty Cottages Unadjusted Trial Balan August 31, 2021 Debit Credit Cash $5,900 Prepaid Insurance 3,200 Supplies 2,000 Land 18,000 Buildings 135.00 Furniture 14,000 Accounts Payable $4.700 Unearned Revenue 4,600 Notes Payable 78,000 A. Forges, Capital 86,000 A. Forges, Drawings 4.900 Rent Revenue 69,600 Salaries Expense 48,000 Utilities Expense 9,700 Repairs Expense 2,200 $242,900 $242,900 Other data: 1. The balance in Prepaid I rear premium paid on June 1, 2021. 2. A count on August 31 sh ies on hand. 3. Annual depreciation for buildings is based on a 25-year useful life. 4. Annual depreciation for fu based on a 10-year useful life. 5. Unearned Revenue of $3,700 for rent was earned prior to August 31. 6. Salaries of $380 were unpaid at August 31 7. Rent revenue of $870 were due from tenants at August 31. (Use Accounts Receivable.) The note payable interest rate is 6% per year. Journalize the adjusting entries on August 31 for the three-month period June 1 to August 31. (Round answers to O decimal places, e.g. 152. 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 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit Aug. 31 2. Aug. 31 3. Aug. 31 Aug. 31 5. Aug. 31 Aug. 31 7. Aug. 31 8. Aug. 31 Prepare an adjusted trial balance as at August 31. Swifty Cottages Trial Balance Debit Credit Save for Later Attempts: 0 of 1 used Submit