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

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