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everything is in this picture :) thank you in advance! - 18 5 View Policies Current Attempt in Progress The ledger of Swifty Corporation on

everything is in this picture :) thank you in advance!

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- 18 5 View Policies Current Attempt in Progress The ledger of Swifty Corporation on July 31, 2017, includes the selected accounts below before adjusting entries have been prepared. Debit Credit Investment in Note Receivable $14,000 Supplies 22,000 Prepaid Rent 4,000 Buildings 300,000 Accumulated Depreciation-Buildings $120,000 Unearned Service Revenue 11,000 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled $17,000. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,300 related to unpaid salaries and wages. 5 . Depreciation on buildings is $5,640 per year. 6. During the month, the company satisfied obligations worth $4,800 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2, 150. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (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.) No. Date Account Titles and Explanation Debit Credit July 1. 31

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