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No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. Bramble Company has the following balances in selected accounts on December
No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. Bramble Company has the following balances in selected accounts on December 31, 2022. $0 0 8,960 0 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 12.800 2,688 0 3,136 38,400 All the accounts have normal balances. The following information has been gathered at December 31, 2022. 1. 2. 3. 5. Bramble Company borrowed $12,800 by signing a 12%, one-year note on September 1, 2022. Interest will be paid when the note is repaid. A count of supplies on December 31, 2022, indicates that supplies of $1,152 are on hand. Depreciation on the equipment for 2022 is $1,280. Bramble paid $2,688 for 12 months of insurance coverage on June 1, 2022. On December 1, 2022, Bramble collected $38,400 for to be performed evenly om December 1, 2022, through March 31, 2023. Bramble performed consulting services for a client in December 2022. The client will be billed $5,376. Bramble pays its employees total salaries of $11,520 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022. 6. 7
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