Mountain Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2021: 1. Purchased a one-year insurance policy on June 1 for $1,800 cash. 2. Paid $6,220 on August 31 for five months' rent in advance. 3. On September 4, received $3,870 cash in advance from a corporation to sponsor a game each month for a total of nine months for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1, for $900 per month. Paid for the first two months on November 30. (Hint: Use the account Prepaid Cleaning to record this prepayment.) 5. On December 5, received $1,640 in advance from a gaming club. Determined that on December 31, $520 of these games had not yet been played.

The City of Castleton’s General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year:     Debits   Credits Cash $ 476,000           Taxes Receivable—Delinquent   601,000           Allowance for Uncollectible Delinquent Taxes         $ 189,120   Interest and Penalties Receivable   28,080           Allowance for Uncollectible Interest and Penalties           12,960   Inventory of Supplies   17,900           Vouchers Payable           166,500   Due to Federal Government           77,490   Deferred Inflows of Resources—Unavailable Revenues           427,000   Fund Balance—Nonspendable—Inventory of Supplies           17,900   Fund Balance—Unassigned           232,010     $ 1,122,980     $ 1,122,980     Prepare a General Fund balance sheet as of June 30, 2020.

Lyon County Bank agrees to len Grimwood Brick Company $100,000 on January 1. Grimwood Brick Company signs a $100,000, 8% 9-month note. The entry made by Grimwood Brick Company on January 1 to recor the proceeds and insurance of the note is?

Gallery located in Maine produces journals and photo albums. On May 1, 2021, G borrowed $250,000 from Midwest One Bank by signing a three year, 6% note payable. Interest is due each May 1. How much, if any, should interest expense be debited for on Dec 31, 2021? Fill in the blank. Omit $ sign.