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1. Simplex Company's accounting period is from January 1, 2022 to December 31, 2022. The Company has the following balances in selected accounts on
1. Simplex Company's accounting period is from January 1, 2022 to December 31, 2022. The Company has the following balances in selected accounts on December 31,2022. (1 pt. ea.- 8 pts) Note Receivable $23,000 Prepaid Rent $8,800 Accounts Receivable 24,000 Rent Revenue Accumulated Depreciation-Equipment 18,800- Rent Expense 2,500 20.200 Salaries and Wages Expense 18,700 Prepaid Insurance 4,400 Supplies Unearned Rent Revenue 3,100 12,900 Sales Revenue 275,000 Interest Revenue 15,500 11 of the accounts have normal balances. In addition to the above, the chart of ccounts also contain the following accounts: Interest Receivable, Depreciation xpense, Insurance Expense, Salaries and Wages Payable, and Supplies Expense. me information below has been gathered on December 31, 2022. 1. Accrued sales revenue on 12/31/22 was $4,800. 2. Depreciation on equipment was $8,900. 3. Expired insurance amounted to $2,700. 4. Interest on the company's notes receivable at year-end amounted to $700. 5. Supplies on hand were $1,900. 6. Unpaid accrued salaries were $2,200. 7. Unexpired rent amounted to $3,200. 8. Unearned rent revenue earned at year-end amounted to $4,500. ced: e at December 31, 2022 the adjusting journal entries for the 8 items above mplex Company.
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