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A review of the ledger of Waterway Corporation at its year end, July 3 1 , 2 0 2 4 , produces the following unadjusted

A review of the ledger of Waterway Corporation at its year end, July 31,2024, produces the following unadjusted data for the
preparation of annual adjusting entries:
Prepaid Insurance, July 31,2024, unadjusted balance, $10,400 : The company purchased an insurance policy on December 1,
2022, with a two-year term, which expires November 30,2024
Buildings, July 31,2024, unadjusted balance, $235,800 : The company owns a building purchased on September 1,2017, for
$235,800, with an estimated 30-year useful life. The company uses straight-line depreciation.
Deferred Revenue, July 31,2024, unadjusted balance, $34,000 : The selling price of a digital magazine subscription is $60 for
24 monthly issues
for the previous five-day workweek (Monday to Fridas $810 each per week. July 31 is a Wednesday. earn
(a1) How much insurance expires per month for the building?
Insurance expires per month $
(a3) What was the original purchase price of the policy on December 1,2022?
Original purchase price of the policy
(a4) How much should the adjusted balance in the Prepaid Insurance account be at July 31,2024?
Adjusted balance in the Prepaid Insurance account $
(b1) How much is annual depreciation expense for the building?
Annual depreciation expense $
(b2) Calculate the unadjusted balance in the Accumulated Depreciation-Buildings account as at July 31,2024.
Unadjusted balance in the Accumulated Depreciation-Buildings account $
(b3) How much should the adjusted balance in the Accumulated Depreciation-Buildings account be at July 31,2024?
Adjusted balance in the Accumulated Depreciation-Buildings account $
(c1) How much does the company earn per month for the magazine subscriptions?
Revenue $
(c3) How much should the adjusted balance in the Deferred Revenue account be at July 31,2024?
Adjusted balance in the Deferred Revenue account $
(d1) How much salary was paid on the last payday, Monday, July 29?
Salary $
(d1) How much salary was paid on the last payday, Monday, July 29?
Salary $
(d2) How much, if any, salary is owed to the employees on July 31?
Salary $
(d3) How much salary will be paid on the next payday, Monday, August 5?
Salary $
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