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1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,160 of unused supplies on May 31 . 3.
1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,160 of unused supplies on May 31 . 3. Annual depreciation is $3,360 on the building and $2,760 on equipment. 4. The notes payable interest rate is 6%. (The note was taken out on May 1 and has a 1 -year life. Interest and principal are to be repaid at the maturity of the note.) 5. Unearned rent of $2,530 has been earned. 6. Salaries of $830 are accrued and unpaid at May 31. s
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