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Current Attempt in Progress The ledger of Flint Lake Lumber Supply on July 31, 2025, includes the selected accounts below before adjusting entries have been
Current Attempt in Progress The ledger of Flint Lake Lumber Supply on July 31, 2025, includes the selected accounts below before adjusting entries have been prepared. Notes Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue 1. 2. 3. 4. 5. An analysis of the company's accounts shows the following. 6. 7. Debit $18,000 1. 21,000 2,600 July 31 280,000 No. Date Account Titles and Explanation Credit $150,000 The investment in the notes receivable earns interest at a rate of 6% per year. Supplies on hand at the end of the month totaled $17,400. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $2,700 related to unpaid salaries and wages. Depreciation on buildings is $4,080 per year. During the month, the company satisfied obligations worth $4,900 related to the Unearned Service Revenue. Unpaid maintenance and repairs costs were $2,100. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. Use additional accounts as needed. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 11,900 Debit Credit
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