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ent 2 Question 2 of 3 < > -/4 E . A review of the ledger of Sheridan Corporation at its year end, July
ent 2 Question 2 of 3 < > -/4 E . A review of the ledger of Sheridan Corporation at its year end, July 31, 2021, produces the following unadjusted data for the preparation of annual adjusting entries: 1. Prepaid Insurance, July 31, 2021, unadjusted balance, $9,520: The company purchased an insurance policy on December 1. 2019, with a two-year term, which expires November 30, 2021. 2. Buildings, July 31, 2021, unadjusted balance, $262,800: The company owns a building purchased on September 1,2017.for $262,800, with an estimated 30-year useful life. The company uses straight-line depreciation. 3. A. Deferred Revenue, July 31, 2021, unadjusted balance, $46,750: The selling price of a digital magazine subscription is $60 for 24 monthly issues delivered over a two-year period. The company had sold 1,100 subscriptions on January 1, 2020, during a special promotion. Salaries Payable, July 31, 2021, unadjusted balance, $0: There are 9 salaried employees. Salaries are paid every Monday for the previous five-day workweek (Monday to Friday). 6 employees receive a salary of $680 each per week, and 3 employees earn $710 each per week. July 31 is a Saturday. dock la11 How much insurance avnirse nor mnath for the building? ING US
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