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MESS Ur generating rental revenue. The following information relates to his business: Manual Nunez Realty, at the close of the fiscal year ending December 31:
MESS Ur generating rental revenue. The following information relates to his business: Manual Nunez Realty, at the close of the fiscal year ending December 31: 1. Manuel purchased three months of advertising in the local newspaper on November 1. Each month $390 of the advertising is used. Ques View Ques 2 3. Salaries due and unpaid at December 31 total $1,900. On November 1, Manuel signed a 3-month, 5% note payable to borrow $20,640 from TD Bank. Interest is payable at the maturity of the note. Accour Ques An 4. Interest of $600 has accrued to date, on a note receivable that Manuel holds from Grant Thursten Quest 5. There is $100 of supplies on hand at year end. The unadjusted balance of the supplies account is $500. Ames 6. Manuel has not yet paid the December rent of $1.300 on the building his business uses. (Do not use accounts payable) 7. Insurance was paid on November 1 for one year and charged to Prepaid Insurance, $1,062. Questi Accounta Property taxes that have accrued are in the amount of $1,500. Questi Accounom On December 1, Manuel gave Laura Palmer a 2-month, 8% note payable to settle $7.950 on accounts payable. Interest is 19C Cloudy 8. Property taxes that have accrued are in the amount of $1.500. M 9. On December 1, Manuel gave Laura Palmer a 2-month, 8% note payable to settle $7.950 on accounts payable. Interest is payable at the maturity of the note. Vi Q 10. On October 31, Manuel received $2,316 from Douglas Raines in payment of six months' rent for Raines's office space in the building and credited Unearned Revenue. Ac 11. The bill from Capital Hydro for December has been received but not yet entered or paid, $500. QL ALL 12. The depreciation on furniture for the year is $1,000. Prepare annual adjusting entries as of December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 19C Cloudy Debit Qu Acco Que Accom Credit Que Accou
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