Reference no: EM132467052

Lexicon Resort     Adjusted Trial Balance            August 31, 2014

                                                  Debit         Credit

Cash                                                $ 19,600

Accounts Receivable                                  800

Prepaid Insurance ($4,500 - $1,125)            3,375

Supplies ($2,600 - $2,150)                           450

Land                                                    20,000

Buildings                                              120,000

Accumulated Depreciation-Buildings            $ 1,080

Equipment                                               16,000

Accumulated Depreciation-Equipment               360

Accounts Payable                                       4,500

Unearned Rent Revenue ($4,600 - $3,800)         800

Salaries and Wages Payable                             375

Interest Payable                                          1,200

Mortgage Payable                                       60,000

Common Stock                                           91,000

Retained Earnings                                         9,000

Dividends                                                    5,000

Rent Revenue ($76,200 + $3,800 + $800)         80,800

Salaries and Wages Expense ($44,800 + $375)  45,175

Utilities Expenses                                          9,200

Maintenance and Repair Expense                     3,600

Insurance Expense                                        1,125

Supplies Expense                                          2,150

Depreciation Expense-Buildings                        1,080

Depreciation Expense-Equipment                        360

Interest Expense                                      1,200

                                                              $249,115

Question a) What is the total amount in liabilities and stockholders equity together?

Question b) What is the ending balance of retained earnings?