Pina Resort opened for business on June 1 with eight
air-conditioned units. Its trial balance on August 31 is as
follows.
PINA RESORT
TRIAL BALANCE
AUGUST 31, 2017
Debit
Credit
Cash
$26,800
Prepaid Insurance
11,700
Supplies
9,800
Land
28,000
Buildings
128,000
Equipment
24,000
Accounts Payable
$11,700
Unearned Rent Revenue
11,800
Mortgage Payable
68,000
Common Stock
106,200
Retained Earnings
9,000
Dividends
5,000
Rent Revenue
84,200
Salaries and Wages Expense
44,800
Utilities Expenses
9,200
Maintenance and Repairs Expense
3,600
Totals
$290,900
$290,900...