The ledger of Splish Brothers Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
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The ledger of Splish Brothers Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared
The ledger of Splish Brothers Inc. on March 31 of the current year includes the following selected account
The ledger of Splish Brothers Inc. on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared An analysis of the accounts shows the following, .1. The equipment depreciates $356 per month 2. Half of the unearned rent revenue was earned during the quarter. 3.Interest of $496 should be accrued on the notes payable. 4. Supplies on hand total $1,054. 5. Insurance expires at the rate of $496 per month. Prepare the adjusting entries at March 31, assuming that adjusting...
The ledger of Cullumber Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
The ledger of Cullumber Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.An analysis of the accounts shows the following .1. The equipment depreciates $320 per month 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $300 is accrued on the notes payable. 4. Supplies on hand total $940. 5. Insurance expires at the rate of $270 per month Prepare the adjusting entries at March 31, assuming that adjusting entries...
The ledger of Splish Brothers Inc. on March 31 of the current year includes the selected...
The ledger of Splish Brothers Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $3,100 4,140 29,100 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,730 21,500 11,150 59,900 0 13,600 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $320 per month. Half of the unearned rent revenue was earned during...
The ledger of Kingbird, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
The ledger of Kingbird, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. $$ \begin{array}{lrr} & \text { Debit } & \text { Credit } \\ \text { Supplies } & \$ 3,690 & \\ \text { Prepaid Insurance } & 2,340 & \\ \text { Equipment } & 29,600 & \\ \text { Accumulated Depreciation–Equipment } & & \$ 8,880 \\ \text { Notes Payable } & 22,000 \\ \text...
The ledger of Bramble Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared
The ledger of Bramble Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared CreditDebitSupplies$3,160Prepaid insurance3,870Equipment29,300Accumulated Depreciation-Equipment$8,790Notes Payable19,300Unearned Rent Revenue11,300Rent Revenue55,800Interest Expense0Salaries and Wages Expense12,200An analysis of the accounts shows the following 1. The equipment depreciates $270 per month 2. Half of the uneared rent revenue was earned during the quarter 3. Interest of $550 is accrued on the notes payable 4. Supplies on hand total $950. 5. Insurance expires at the rate...
The ledger of Piper Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared
The ledger of Piper Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $ 3,600 Supplies 2,800 Equipment 25,000 Accumulated Depreciation—Equipment $ 8,400 Notes Payable 20,000 Unearned Rent 9,900 Rent Revenue 60,000 Interest Expense –0– Wages Expense 14,000 An analysis of the accounts shows the following. 1. The equipment depreciates $400 per month. 2. One-third of the unearned rent was earned during the quarter. 3....
The ledger of Piper Rental Agency on March 31 of the current year includes the followingselected accounts before adjusting entries have been prepared
The ledger of Piper Rental Agency on March 31 of the current year includes the followingselected accounts before adjusting entries have been prepared.Debit CreditPrepaid Insurance $ 3,600Supplies 2,800Equipment 25,000AccumulatedDepreciation—Equipment $ 8,400Notes Payable 20,000Unearned Rent 9,900Rent Revenue 60,000Interest Expense –0–Wages Expense 14,000An analysis of the accounts shows the following.1. The equipment depreciates $400 per month.2. One-third of the unearned rent was earned during the quarter.3. Interest of $500 is accrued on the notes payable.4. Supplies on hand total $700.5. Insurance expires...
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly.
The ledger of Splish Brothers Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared CreditDebitSupplies$8,100Prepaid insurance9,720Equipment67,500Accumulated Depreciation-Equipment$22,680Notes Payable54,000Unearned Rent Revenue33,480Rent Revenue162,000Interest Expense0Salaries and Wages Expense37,800An analysis of the accounts shows the following 1. The equipment depreciates $756 per month 2. Half of the uneared rent revenue was earned during the quarter 3. Interest of $1,080 is accrued on the notes payable 4. Supplies on hand total $2,295. 5. Insurance expires at the rate of $1,080 per...
The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts...
The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $3,640 2,700 28,900 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,670 18,100 11,250 61,500 0 14,200 An analysis of the accounts shows the following. 1. 2. 3. 4. The equipment depreciates $400 per month. Half of the unearned rent revenue was earned...
The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts...
The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $3,900 4,680 32,500 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $10.920 26.000 16.120 78,000 O 18.200 An analysis of the accounts shows the following 1 2 3 4 The equipment depreciates $364 per month Half of the unearned rent revenue was earned...
The ledger of Splish Brothers Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $3,100 4,140 29,100 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,730 21,500 11,150 59,900 0 13,600 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $320 per month. Half of the unearned rent revenue was earned during...
The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $3,640 2,700 28,900 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,670 18,100 11,250 61,500 0 14,200 An analysis of the accounts shows the following. 1. 2. 3. 4. The equipment depreciates $400 per month. Half of the unearned rent revenue was earned...
The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $3,900 4,680 32,500 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $10.920 26.000 16.120 78,000 O 18.200 An analysis of the accounts shows the following 1 2 3 4 The equipment depreciates $364 per month Half of the unearned rent revenue was earned...
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