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accounting adjusting entries Monthly amortization is $400 on the building and $200 on the equipment. Certain dairy treats for which the customer had paid $400

accounting

adjusting entries

  1. Monthly amortization is $400 on the building and $200 on the equipment.

  2. Certain dairy treats for which the customer had paid $400 in June, were delivered in July.

  3. An inventory count of cleaning supplies at July 31 shows $900 on hand.

  4. Rent for July of $900 was unpaid at July 31.

  5. Insurance is paid at the rate of $200 per month.

  6. Milk products worth $400 were delivered to the company on July 31, but the bill has not been received yet.

  7. The note payable has an interest rate of 7% per year and is paid at the end of every calendar quarter.

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