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Credit 200 Atlantic Corporation Unadjusted Trial Balance December 31, 2018 Account Title Debit Cash 33,718 Accounts Receivable 5,578 Office Supplies 3.800 Prepaid Rent 7,200 Business

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Credit 200 Atlantic Corporation Unadjusted Trial Balance December 31, 2018 Account Title Debit Cash 33,718 Accounts Receivable 5,578 Office Supplies 3.800 Prepaid Rent 7,200 Business Vehicle 18,000 Accumulated Depreciation-Bus. Vehicle Accounts Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable Macks, Capital Macks, Withdrawals 5,474 Service Revenue Salaries Expense 6,000 Office Supplies Expense Depreciation Expense-Business Vehicle Rent Expense Interest Expense Total 79.770 2,500 15,000 29,570 32,500 79.770 Use the following data to calculate adjustments and prepare the adjusting entries as of December 31, 2018: 1. Business Vehicle has a residual value of $1,000 and useful life of 15 years: depreciation for one month. (4 pts) Date Credit Account Title Debit 2. Accrued salaries are $750 (2 pts) Date Account Title Debit Credit 3. Office Supplies remaining are $500 (4 pts) Date Account Title Debit Credit 4. Record the interest accrued on the loan for one month: interest rate 5% (4 pts) Credit Date Account Title Debit 5. Prepaid rent was paid for 8 months in advance one month expired. (4 pts) Date Account Title Debit Credit 6. Earned $1,500 of the unearned revenue. (2 pts) Date Account Title Debit Credit

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