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 entries are made quarterly.
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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 selected...
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The ledger of Pina Colada Corp. on March 31 of the current year includes the selected...
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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. 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...
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The ledger of Sheffield Corp. on March 31
of the current year includes the selected accounts, shown below,
before quarterly adjusting entries have been prepared. Debit Credit
Prepaid Insurance $ 7,200 Supplies 3,400 Equipment 18,750
Accumulated Depreciation—Equipment $ 8,000 Notes Payable 22,000
Unearned Rent Revenue 10,800 Rent Revenue 60,000 Interest Expense 0
Salaries and Wages Expense 20,000 An analysis of the accounts shows
the following. 1. The equipment depreciates $300 per month. 2.
One-third of the unearned rent revenue was...
The ledger of Sunland Company on March 31 of the current year
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