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No. 0 1 2 3 4 5 6 7 Entry Information Auto insurance is accrued for the month of December, $300 Tamarisk's has four employees
No. 0 1 2 3 4 5 6 7 Entry Information Auto insurance is accrued for the month of December, $300 Tamarisk's has four employees who earn $100 per day per person. At December 31, two days' salaries have been earned by employees but not paid A customer paid Tamarisk's $9,720 on December 1, 2014 for services to be rendered from December 1 through Ma 31, 2014. The receipt was credited to a liability account. Tamarisk's purchased equipment costing $41,472 on January 1, 2014. Monthly depreciation is $540. Tamarisk's provided lawn services to a customer in 2014 at a fee of $1,188. This fee has not yet been received or billed. Tamarisk's started the year with $432 of lawn care supplies on hand. It purchased $6,264 more during the year and has $756 on hand at December 31. Tamarisk's recognizes supplies as an asset when acquired. On July 1, 2014, Tamarisk's paid $2,592 for a two-year insurance policy debiting an asset account at that time. Tamarisk's borrowed $10,000 by signing a three-month, 6% interest, note payable on
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