An analysis of the accounts shows the following. 1. The equipment depreciates $296 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $416 should be accrued on the notes payable. 4. Supplies on hand total $884. 5. Insurance expires at the rate of $416 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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An analysis of the accounts shows the following.
1.
The equipment depreciates $296 per month.
2.
Half of the unearned rent revenue was earned during the quarter.
3.
Interest of $416 should be accrued on the notes payable.
4.
Supplies on hand total $884.
5.
Insurance expires at the rate of $416 per month.
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are
automatically indented when the amount is entered. Do not indent manually.)
No.
Date
Account Titles and Explanation
Debit
Credit
1.
Mar. 31
2.
Mar. 31
etv
5
MacBook Air
DII
DD
80
F7
F8
F9
F10
F1
F2
F3
@
#
$
%
&
1
3
4
6
7
8
Q
W
R
T
Y
U
A
D
F
H.
J
K
Transcribed Image Text:Safari File Edit View History Bookmarks Window Help * )) 75% Sat 4:0 A education.wiley.com w Assignment 2 we NWP Assessment Player UI Application O MOHAMED ROMEO | JACAYLKAN YAABKA | OFFICIAL * Assignment 2 Question 4 of 6 > -/4 An analysis of the accounts shows the following. 1. The equipment depreciates $296 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $416 should be accrued on the notes payable. 4. Supplies on hand total $884. 5. Insurance expires at the rate of $416 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 etv 5 MacBook Air DII DD 80 F7 F8 F9 F10 F1 F2 F3 @ # $ % & 1 3 4 6 7 8 Q W R T Y U A D F H. J K
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Question 4 of 6
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Current Attempt in Progress
The ledger of Bramble Corp. on March 31 of the current year includes the following selected accounts before adjusting entries have
been prepared.
Debit
Credit
Supplies
$3,120
Prepaid Insurance
3,744
Equipment
26,000
Accumulated Depreciation-Equipment
$8.736
Notes Payable
20.800
Unearned Rent Revenue
12,896
Rent Revenue
62,400
Interest Expense
Salaries and Wages Expense
14,560
An analysis of the accounts shows the following.
tv
МacBook Air
DI
DD
80
F10
F7
F8
F6
F3
F4
F2
*
@
#3
$
&
2
3
4
6
7
W
E
Y
U
* C0
R
Transcribed Image Text:Edit View History Bookmarks Window Help A 1) 75% O A education.wiley.com wAssignment 2 w NWP Assessment Player UI Application O MOHAMED ROMEO | JACAYLKAN YAABKA ent 2 -/ 4 Question 4 of 6 View Policies Current Attempt in Progress The ledger of Bramble Corp. on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Supplies $3,120 Prepaid Insurance 3,744 Equipment 26,000 Accumulated Depreciation-Equipment $8.736 Notes Payable 20.800 Unearned Rent Revenue 12,896 Rent Revenue 62,400 Interest Expense Salaries and Wages Expense 14,560 An analysis of the accounts shows the following. tv МacBook Air DI DD 80 F10 F7 F8 F6 F3 F4 F2 * @ #3 $ & 2 3 4 6 7 W E Y U * C0 R
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