Notes Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue 1. 2. 3. 4. 5. Debit An analysis of the company's accounts shows the following. The investment in the notes receivable earns interest at a rate of 12% per year. Supplies on hand at the end of the month totaled $15,400. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $2,900 related to unpaid salaries and wages. Depreciation on buildings is $4,440 per year. During the month, the company satisfied obligations worth $4,800 related to the Unearned Service Revenue. 7. Unpaid maintenance and repairs costs were $2.150. 6. $20,000 24,000 2,600 300,000 Credit $130,000 11,600

Notes Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue 1. 2. 3. 4. 5. Debit An analysis of the company's accounts shows the following. The investment in the notes receivable earns interest at a rate of 12% per year. Supplies on hand at the end of the month totaled $15,400. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $2,900 related to unpaid salaries and wages. Depreciation on buildings is $4,440 per year. During the month, the company satisfied obligations worth $4,800 related to the Unearned Service Revenue. 7. Unpaid maintenance and repairs costs were $2.150. 6. $20,000 24,000 2,600 300,000 Credit $130,000 11,600

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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