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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Please show work 1 to 7 and please sir care of plagiarism please 

No. Date Account Titles and Explanation
July 31
1.
2.
6.
July 31
3. July 31
4. July 31
5. July 31
July 31
Debit
Credit
I
Transcribed Image Text:No. Date Account Titles and Explanation July 31 1. 2. 6. July 31 3. July 31 4. July 31 5. July 31 July 31 Debit Credit I
Notes Receivable
Supplies
Prepaid Rent
Buildings
Accumulated Depreciation-Buildings
Unearned Service Revenue
1.
2.
3.
4.
5.
6.
Debit
7.
$20,000
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.
Unpaid maintenance and repairs costs were $2.150.
24,000
2,600
300,000
Credit
$130,000
11.600
Transcribed Image Text:Notes Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue 1. 2. 3. 4. 5. 6. Debit 7. $20,000 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. Unpaid maintenance and repairs costs were $2.150. 24,000 2,600 300,000 Credit $130,000 11.600
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