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Mr. Robert Baratheon started his business Robert and Daughters on January 1, 2020. On December 31, 2020, the following data were accumulated to assist the
Mr. Robert Baratheon started his business "Robert and Daughters" on January 1, 2020. On December 31, 2020, the following data were accumulated to assist the accountant in preparing the annual adjusting entries for Robert and Daughters. Prepare the adjusting entries necessary on December 31,2020. (If your answer comes in decimal, round it up to the nearest integer value) #1 The unadjusted unearned rent revenue account balance on December 31 is $900, representing the receipt of an advance payment on October 1,2020 of six months' rent from tenant. Account to be debited is Amount is - Account to be credited is Amount is $ #2 Salaries accrued but not paid at December 31 are $500. Account to be debited is Amount is $ Account to be credited is Amount is $ #3 The supplies account balance in the unadjusted trial balance is $2100. The supplies actually on hand on December 31 are $800. Account to be debited is Amount is $ Account to be credited is Amount is $ #4 Robert and Daughters signed a $7200, 12-month note payable on July 1, 2020. The note requires Robert and Daughters to pay interest at an annual rate of 12%. Account to be debited is Amount is $ Account to be credited is Amount is $
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