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i need help as to how to prepare the adjustinf entries Current Attempt in Progress The ledger of Marigold Corp. on March 31 of the
i need help as to how to prepare the adjustinf entries
Current Attempt in Progress The ledger of Marigold Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Debit Credit Supplies $2,100 Prepaid Insurance 2.520 17.500 $5,880 Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue 14,000 8,680 42,000 Interest Expense 0 Salaries and Wages Expense 9.800 An analysis of the accounts shows the following. 1. 2. 3 The equipment depreciates $196 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $280 is accrued on the notes payable. Supplies on hand total $595. Insurance expires at the rate of $280 per month 5. Debit Credit No. Date Account Titles and Explanation 1. Mar. 31 2 . Mar, 31 3 . Mar. 31 4. Mar. 31 5. Mar. 31 Step by Step Solution
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