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( b 1 ) How much is annual depreciation expense for the building? Annual depreciation expense $ ( b 2 ) Calculate the unadjusted balance
b How much is annual depreciation expense for the building?
Annual depreciation expense $
b Calculate the unadjusted balance in the Accumulated DepreciationBuildings account as at July d How much salary was paid on the last payday, Monday, July
d How much, if any, salary is owed to the employees on July
Salary
d How much salary will be paid on the next payday, Monday, August
Salary
e Prepare the adjusting journal entries required for each of the above four items at July Hint: Use the account Subscription
Revenue for item cCredit account titles are automatically indented when the amount is entered. Do not indent manually. Round all
amounts to the nearest dollar. If no entry is required, select No Entry" for the account titles and enter O for the amounts. List all debit entries
before credit entries.A review of the ledger of Bramble Corporation at its year end, July produces the following unadjusted data for the
preparation of annual adjusting entries:
Prepaid Insurance, July unadjusted balance, $ : The company purchased an insurance policy on December
with a twoyear term, which expires November
Buildings, July unadjusted balance, $ : The company owns a building purchased on September for
$ with an estimated year useful life. The company uses straightline depreciation.
Deferred Revenue, July unadjusted balance, $ : The selling price of a digital magazine subscription is $ for
monthly issues delivered over a twoyear period. The company had sold subscriptions on January during a
special promotion.
Salaries Payable, July unadjusted balance, $: There are nine salaried employees. Salaries are paid every Monday
for the previous fiveday workweek Monday to Friday employees receive a salary of $ each per week, and employees
earn $ each per week. July is a Wednesday.
a How much insurance expires per month for the building?
Insurance expires per
month $ e Prepare the adjusting journal entries required for each of the above four items at July Hint: Use the account Subscription Revenue for item cCredit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
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