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I ONLY NEED #4 THE INTEREST EXPENSE PLEASE. THIS IS MY LAST ATTEMPT PLEASE MAKE SURE IT IS CORRECT!!!! Problem 3-02A a-d Crane's Hotel opened
I ONLY NEED #4 THE INTEREST EXPENSE PLEASE. THIS IS MY LAST ATTEMPT PLEASE MAKE SURE IT IS CORRECT!!!!
Problem 3-02A a-d Crane's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. CRA CRANE'S HOTEL Trial Balance May 31, 2020 Balazo20 Credit Account Number 101 126 130 Debit $ 3,600 2,000 3,000 12,000 60,600 15,600 149 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 $ 4,900 3,300 40,000 41,000 12,350 610 600 3,300 850 $101,550 $101,550 1. 2. 3. 4. 5. 6. Prepaid insurance is a 1-year policy starting May 1, 2020. A count of supplies shows $700 of unused supplies on May 31. Annual depreciation is $3,636 on the buildings and $1,560 on equipment. The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $800 are accrued and unpaid at May 31. 4. May 31 Interest Expense O 400 | Interest Payable 400Step by Step Solution
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