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based on the information below provide journal entries a) Physical Inventory counts shows $155,000 of supplies on hand. b) Prepaid rent at March 31 should
- based on the information below provide journal entries
a) Physical Inventory counts shows $155,000 of supplies on hand.
b) Prepaid rent at March 31 should be $13,000.
c) Depreciation for 2023 is $75,000.
d) Unearned Revenue should be $41,000.
e) Wages in the amount of $40,000 are owed but unpaid and not recorded at year- end.
f) 3 months interest at 8% on the note was paid on May 31. Interest for the period from January 1 to March 31is not paid and not recorded.
g) Income tax of $125,000 is owed but not recorded and unpaid.
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