ed in cosh. amounted to $6,000 of which $5,300 was rec on account from Rutland Doc. 15Excluding the Lowis Dec 17 Purchased Dec 22 Purchased a 12-month pubilio-Bability insurance policy for $2,700. 12 Paid salaries for the first two in parts neodeg in to dayaovers, Ine, 5400 the company against iability for injuries and property damage caused by policy However, the policy goes into elfect on January 1, and affords no renital tractor Payment is due in 10 days 20. the backhoe Is returned. Jagne Landscaping expects to keep the backhoe for when wo or three weeks c 23 Collected $210 of the accounts recelvable recorded on December 15 Dea 25 Rented a backhoe to Jagne Landscaping at a price of $200 per day, to be Dea 26 Paid biwoekly salaries, $3,500. Dec 27 Paid the account payable to Ruland Movers Den 2 Elud Torres withdrow $2,000 cash from the busines Inc., $400 to pay the rent on his personal Oec 29 Raecoend a bl from Universal Uities for the months of December, $2 Dec. 29 Uilities due in 30 days. Dec. 31 December and received in cash earned d amounted to $8,450 DATA FOR ADJUSTING ENTRIES A. The advance payment to Hernandez for rent on December 1 covered a period of i months. December rent has been used. B. Interest accrued on the note payable to Rent-It amounted to $750 at December 31. C. The rental equipment is being depreciated by the straight-line method over a period of 10 years. (COST/ LIFE) D. Office supplies on hand at December 31 are estimated at $1,000. E. Dung Decanthor the conpany eaned $.840 of the rental loes paid in advance by F. As of December, Eliud's Leasing Inc, has earned five days' rent on the backhoe rent to Jagne Landscaping on December 25. (LOOK BACK TO DEC. 25) G. Salaries earned by employees since the last payroll date (December 26) amounted to $1000 at month-end WINTER SEM ed in cosh. amounted to $6,000 of which $5,300 was rec on account from Rutland Doc. 15Excluding the Lowis Dec 17 Purchased Dec 22 Purchased a 12-month pubilio-Bability insurance policy for $2,700. 12 Paid salaries for the first two in parts neodeg in to dayaovers, Ine, 5400 the company against iability for injuries and property damage caused by policy However, the policy goes into elfect on January 1, and affords no renital tractor Payment is due in 10 days 20. the backhoe Is returned. Jagne Landscaping expects to keep the backhoe for when wo or three weeks c 23 Collected $210 of the accounts recelvable recorded on December 15 Dea 25 Rented a backhoe to Jagne Landscaping at a price of $200 per day, to be Dea 26 Paid biwoekly salaries, $3,500. Dec 27 Paid the account payable to Ruland Movers Den 2 Elud Torres withdrow $2,000 cash from the busines Inc., $400 to pay the rent on his personal Oec 29 Raecoend a bl from Universal Uities for the months of December, $2 Dec. 29 Uilities due in 30 days. Dec. 31 December and received in cash earned d amounted to $8,450 DATA FOR ADJUSTING ENTRIES A. The advance payment to Hernandez for rent on December 1 covered a period of i months. December rent has been used. B. Interest accrued on the note payable to Rent-It amounted to $750 at December 31. C. The rental equipment is being depreciated by the straight-line method over a period of 10 years. (COST/ LIFE) D. Office supplies on hand at December 31 are estimated at $1,000. E. Dung Decanthor the conpany eaned $.840 of the rental loes paid in advance by F. As of December, Eliud's Leasing Inc, has earned five days' rent on the backhoe rent to Jagne Landscaping on December 25. (LOOK BACK TO DEC. 25) G. Salaries earned by employees since the last payroll date (December 26) amounted to $1000 at month-end WINTER SEM
