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After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage rental business on June 1, 2021. The trial be Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Debit Cash $5,900 Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000 Furniture 15,000 Accounts Payable $5,500 Unearned Revenue 4,400 Notes Payable 74,000 A. Forges, Capital 94,000 A. Forges, Drawings 4,700 Rent Revenue 60,000 Salaries Expense 40,000 Utilities Expense 8,300 Repairs Expense 3,700 $ 237,900 $237,900 Other data: 1. The balance in Prepaid Insurance is a one-year premium paid on June 1, 2021 2. A count on August 31 shows $500 of supplies on hand. 3. Annual depreciation for buildings is based on a 25-year useful life. 4. Annual depreciation for furniture based on a 10-year useful life. 5. Unearned Revenue of $3,700 for rent was earned prior to August 31. 6. Salaries of $410 were unpaid at August 31. 7. Rent revenue of $820 were due from tenants at August 31. (Use Accounts Receivable.) 8. 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 decimal places. e.o. 152. Credit Thi nnnnt Indnnt manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts

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