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An analysis of the company's accounts shows the following. 1. The notes payable pays interest at a rate of 6% per year. 2. Supplies on
An analysis of the company's accounts shows the following. 1. The notes payable pays interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled $18,100. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $2,600 related to unpaid salaries and wages. 5. Depreciation on buildings is $5,520 per year. 6. During the month, the company satisfied obligations worth $4,300 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2,400
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