eet Assignment Gradebook ORION Downloadable eTextbook FULLSCREEN Question 5 Manuel Nunez is in the business of generating rental revenue The following information relates to his business: Manual Nunez Realty, at the close of the fiscal year ending December 311 2. 3. 4. Manuel purchased three months of advertising in the focal newspaper on November 1. Each month $360 of the advertising is used On November 1, Manual signed a 3-month, S. note payable to borrow $15,000 from TD Bank, Interest is payable at the maturity of the note Salanes due and unpaid at December 31 Interest of $400 has accrued to date, on a note receivable that Manuel holds from Grant Thursten There is $100 of supplies on hand 2,300 end. The unadjusted balance of the supplies account is $500. Manuel has not yet paid the December rent of $1.500 on the building his business uses. (Do not use accounts payable) Insurance was paid on November 1 for one year and charged to Prepaid Insurance, 1990. 7 Property taxes that have accrued are in the amount of $1,600. 90 10 On December 1. Manuel gave Laura Palmer a month, 0% nots payable to sette $5,700 on accounts payable. Interest is payable at the maturity of the note On October 31, Manuel received $2,175 from bougles Raines in payment of six months' rent for Raines's office space in the building and credited Unearned Revenue The bill from Capital Hydro for December has been received but not yet entered or paid, $500. 11. 12 The depreciation on furniture for the year is $1,100. Prepare annual adjusting entries as of December 31. (Credit account titles are automatically indented when amount is entered. Do not a Entry for the account titles and enter 0 for the amounts, fent manually. If no en No. Account Titles and Explanation 1. Debit Credit ex 2000 2021 Jobe Son Joc Aights Reserved. A D of Wex & Sons, Inc search 4x 2 OD " DII 9 # $ 3 4 5 55 96 16 A 87 & W E S R P15cn T Y U 8 Home End PQUp D F G H K L P