Grouper resort opened for business on june 1 with eight air-conditioned units. its trial balance on august 31 is as follows. grouper resorttrial balanceaugust 31, 2017debitcreditcash $24,100 prepaid insurance 9,000 supplies 7,100 land 30,000 buildings 130,000 equipment 26,000 accounts payable $9,000 unearned rent revenue 9,100 mortgage payable 70,000 common stock 105,500 retained earnings 9,000 dividends 5,000 rent revenue 86,200 salaries and wages expense 44,800 utilities expenses 9,200 maintenance and repairs expense 3,600 totals $288,800$288,800other data: 1. the balance in prepaid insurance is a one-year premium paid on june 1, 2017.2. an inventory count on august 31 shows $432 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 $3,986 was earned prior to august 31.5. salaries of $404 were unpaid at august 31.6. rentals of $840 were due from tenants at august 31. (use accounts receivable account.)7. the mortgage interest rate is 8% per year.1. the balance in prepaid insurance is a one-year premium paid on june 1, 2017.2. an inventory count on august 31 shows $432 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 $3,986 was earned prior to august 31.5. salaries of $404 were unpaid at august 31.6. rentals of $840 were due from tenants at august 31. (use accounts receivable account.)7. the mortgage interest rate is 8% per year. journalize the adjusting entries on august 31 for the 3-month period june 1–august 31.aug 31 insurance expense 2250 prepaid insurance 2250aug 31 supplies expense 6668 supplies 6668aug 31 (a) depreciation expense 1170 accumulated depreciation 1170aug 31 (b) depreciation expense 585 accumulated depreciation 585aug 31 unearned rent revenue 3986 rent revenue 3986aug 31 salaries and wages expenses 404 salaries and wages payable 404aug 31 accounts reveivable 840 rent revenue 840aug 31 interest expense 1400 interest payable 1400prepare an adjusted trial balance on august 31.