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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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Transcribed Image Text:Safari File Edit
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* )) 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
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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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