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Question 1 The ledger of Uniform Ltd on 30 June of the current year includes these...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts, shown below, before quarterly adjusting entries have been prepared. Credit Debit $ 1,800 3,400 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,600 21,000 9,900 61,000 0 11,000 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $300 per month. One-third of the unearned...
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 Supplies Prepaid Insurance 4,680 32,500 Equipment Accumulated Depreciation Equipment $10,920 Notes Payable 26,000 Unearned Rent Revenue 16,120 Rent Revenue 78,000 Interest Expense Salaries and Wages Expense 18,200 An analysis of the accounts shows the following. 1. The equipment depreciates $364 per month. 2. Half of the unearned rent revenue was earned during the quarter....
The ledger of Monty Corp.on March 31 of the current year includes the selected accounts below...
The ledger of Monty Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $3,760 3,960 25,500 $7,650 20,000 11,600 61,200 0 14,000 An analysis of the accounts shows the following. 1. The equipment depreciates $ 400 per month 2. Half of the unearned rent revenue was earned during the quarter....
The ledger of Sheffield Corp. on March 31 of the current year includes the selected accounts,...
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 Swifty Corporation on March 31 of the current year includes the selected accounts...
The ledger of Swifty Corporation on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $3,440 4,320 27,300 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,190 18,500 11,050 60,200 0 13,400 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $350 per month. Half of the unearned rent revenue was earned during the...
The ledger of Swifty Rental Agency on March 31 of the current year includes the following...
The ledger of Swifty Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. ials Debit Credit Prepaid Insurance $3,252 Supplies 2,604 Equipment 27,460 Accumulated Depreciation Equipment $7,905 Notes Payable 19,990 Unearned Rent Revenue 3,450 Rent Revenue 62,420 Interest Expense -0- Salaries and Wages Expense 14,690 An analysis of the accounts shows the following. 1. The equipment depreciates $263 per month. 2. One-third of the unearned rent was recognized as...
The ledger of Crane Rental Agency on March 31 of the current year includes the selected...
The ledger of Crane Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Credit Debit $ 14,400 2,900 25,000 $ 8.100 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 23,000 12,600 61,000 0 11,000 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $400 per month. One-third of the unearned rent...
The ledger of Chan Rental Agency on March 31 of the current year includes the following...
The ledger of Chan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared: Debit Credit Prepaid Insurance $ 2,700 Supplies 2,100 Equipment 18,750 Accumulated Depreciation—Equipment $ 6,300 Notes Payable 15,000 Unearned Rent Revenue 6,975 Rent Revenue 45,000 Interest Expense –0– Salaries and Wage Expense 10,500 ...
The ledger of Swifty Corporation on March 31 of the current year includes the selected accounts...
The ledger of Swifty Corporation on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Given Information: Debit Credit (Supplies) $3,440 (Prepaid Insurance) 4,320 (Equipment)...
Exercise 3-05 The ledger of Oriole Rental Agency on March 31 of the current year includes...
Exercise 3-05 The ledger of Oriole Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Credit Debit $3,828 2.783 26,790 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $7,940 21,410 4,770 59,170 13,840 An analysis of the accounts shows the following. 1. The equipment depreciates $246 per month 2. One-third of the unearned rent was recognized as...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts, shown below, before quarterly adjusting entries have been prepared. Credit Debit $ 1,800 3,400 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,600 21,000 9,900 61,000 0 11,000 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $300 per month. One-third of the unearned...
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 Supplies Prepaid Insurance 4,680 32,500 Equipment Accumulated Depreciation Equipment $10,920 Notes Payable 26,000 Unearned Rent Revenue 16,120 Rent Revenue 78,000 Interest Expense Salaries and Wages Expense 18,200 An analysis of the accounts shows the following. 1. The equipment depreciates $364 per month. 2. Half of the unearned rent revenue was earned during the quarter....
The ledger of Monty Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $3,760 3,960 25,500 $7,650 20,000 11,600 61,200 0 14,000 An analysis of the accounts shows the following. 1. The equipment depreciates $ 400 per month 2. Half of the unearned rent revenue was earned during the quarter....
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 Swifty Corporation on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $3,440 4,320 27,300 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,190 18,500 11,050 60,200 0 13,400 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $350 per month. Half of the unearned rent revenue was earned during the...
The ledger of Swifty Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. ials Debit Credit Prepaid Insurance $3,252 Supplies 2,604 Equipment 27,460 Accumulated Depreciation Equipment $7,905 Notes Payable 19,990 Unearned Rent Revenue 3,450 Rent Revenue 62,420 Interest Expense -0- Salaries and Wages Expense 14,690 An analysis of the accounts shows the following. 1. The equipment depreciates $263 per month. 2. One-third of the unearned rent was recognized as...
The ledger of Crane Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Credit Debit $ 14,400 2,900 25,000 $ 8.100 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 23,000 12,600 61,000 0 11,000 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $400 per month. One-third of the unearned rent...
Exercise 3-05 The ledger of Oriole Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Credit Debit $3,828 2.783 26,790 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $7,940 21,410 4,770 59,170 13,840 An analysis of the accounts shows the following. 1. The equipment depreciates $246 per month 2. One-third of the unearned rent was recognized as...
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