1) An analysis of the accounts shows the that 40% of the unearned rent revenue was earned during the second quarter, assuming that adjusting entries are made quarterly, what is the balance of unearned rent revenue account after the adjustment is made at June 30.

2) An analysis of the accounts shows the that the agency pays annual interest rate of 8% on its notes payable, assuming that adjusting entries are made quarterly, what is the amount of interest expense recorded in the adjustment that should be made at June 30.

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3)

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4)

On June 1, during its first month of operations, Crooked Rain purchased supplies for $6,500 and debited the supplies account for that amount. At June 30, an inventory of supplies showed $1,000 of supplies on hand. The adjusting journal entry that should be made for June is: X Supplies Expense ...... Supplies..... X Write the value of X in the box