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Uhura Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. UHURA RESORT TRIAL BALANCE AUGUST 31, 2012 Debit Credit Cash $23,390 Prepaid Insurance 8,290 Supplies 6,390 Land 24,000 Buildings 124,000 Equipment 20,000 Accounts Payable $8,290 Unearned Rent Revenue 8,390 Mortgage Payable 54,000 Common Stock 107,790 Dividends 5,000 Rent Revenue 90,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $268,670 $268,670Other data:1. The balance in prepaid insurance is a one-year premium paid on June 1, 2012.2. An inventory count on August 31 shows $713 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 $4,139 was earned prior to August 31.5. Salaries of $389 were unpaid at August 31.6. Rentals of $820 were due from tenants at August 31.7. The mortgage interest rate is 8% per year.

Uhura Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. UHURA RESORT TRIAL BALANCE AUGUST 31, 2012 Debit Credit Cash $23,390 Prepaid Insurance 8,290 Supplies 6,390 Land 24,000 Buildings 124,000 Equipment 20,000 Accounts Payable $8,290 Unearned Rent Revenue 8,390 Mortgage Payable 54,000 Common Stock 107,790 Dividends 5,000 Rent Revenue 90,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $268,670 $268,670Other data:1. The balance in prepaid insurance is a one-year premium paid on June 1, 2012.2. An inventory count on August 31 shows $713 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 $4,139 was earned prior to August 31.5. Salaries of $389 were unpaid at August 31.6. Rentals of $820 were due from tenants at August 31.7. The mortgage interest rate is 8% per year.

Uhura Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. UHURA RESORT TRIAL BALANCE AUGUST 31, 2012 Debit Credit Cash $23,390 Prepaid Insurance 8,290 Supplies 6,390 Land 24,000 Buildings 124,000 Equipment 20,000 Accounts Payable $8,290 Unearned Rent Revenue 8,390 Mortgage Payable 54,000 Common Stock 107,790 Dividends 5,000 Rent Revenue 90,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $268,670 $268,670Other data:1. The balance in prepaid insurance is a one-year premium paid on June 1, 2012.2. An inventory count on August 31 shows $713 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 $4,139 was earned prior to August 31.5. Salaries of $389 were unpaid at August 31.6. Rentals of $820 were due from tenants at August 31.7. The mortgage interest rate is 8% per year.

Uhura Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. UHURA RESORT TRIAL BALANCE AUGUST 31, 2012 Debit Credit Cash $23,390 Prepaid Insurance 8,290 Supplies 6,390 Land 24,000 Buildings 124,000 Equipment 20,000 Accounts Payable $8,290 Unearned Rent Revenue 8,390 Mortgage Payable 54,000 Common Stock 107,790 Dividends 5,000 Rent Revenue 90,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $268,670 $268,670Other data:1. The balance in prepaid insurance is a one-year premium paid on June 1, 2012.2. An inventory count on August 31 shows $713 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 $4,139 was earned prior to August 31.5. Salaries of $389 were unpaid at August 31.6. Rentals of $820 were due from tenants at August 31.7. The mortgage interest rate is 8% per year.

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