Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 1. 2. 3. 4. Debit $ 10,800 5. 3,200 25,000 An analysis of the accounts shows the following.. 0 18,000 $8,800 22,000 9,300 62,000 The equipment depreciates $400 per month. One-third of the unearned rent revenue was earned during the quarter. Interest of $550 should be accrued on the notes payable. Supplies on hand total $760, Insurance expires at the rate of $900 per month.

Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 1. 2. 3. 4. Debit $ 10,800 5. 3,200 25,000 An analysis of the accounts shows the following.. 0 18,000 $8,800 22,000 9,300 62,000 The equipment depreciates $400 per month. One-third of the unearned rent revenue was earned during the quarter. Interest of $550 should be accrued on the notes payable. Supplies on hand total $760, Insurance expires at the rate of $900 per month.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Assume a world that meets all assumptions of the portfolio theory. In this world we solely trade in securities A and B like depicted in the graph below. Short selling is allowed. xA and XB indicate the proportions of security A and B within a portfolio respectively. P1, P2, P3 and P4 represent portfolios that can be created by trading (either long and/or short) in securhies A and B. P3 is the portfolio with the lowest risk; the risk of P3 is 0%. The risk of security A and B is measured by the standard deviation of the returns in the particular security and equals 20% for both. The correlation coefficient of the returns between A and B is -1. 40% P1 E(R) A 30% P2 20% P3 10% P4 ++ 30% 0% 10% 20% 40% O(R) Question: Indicate which statements are correct. Take into account that everything is possible, from all correct to all wrong.
You didnt answer the question 2 and 3 . Please could you give me details.
Explain negative confirmation and positive confirmation.
i don't understand the written solution
why did you not answer b?
It says they answers are wrong from your example.