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On May 1, 2022, Drew Brees Company collected $64,000 for a 2 year insurance policy beginning on the same date. The company has a December

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On May 1, 2022, Drew Brees Company collected $64,000 for a 2 year insurance policy beginning on the same date. The company has a December 31 year end. What is the balance of the unearned revenue account related to this policy after adjusting entries on December 31, 2022? Question 18 4 pts Ekerd Company purchased a new machine on May 31, 2024 for $280,000. At the time of acquisition, the machine was estimated to have a useful life of years and an estimated salvage value of $20,000. The company has recorded monthly depreciation using the straight-line method On March 1, 2028, the machine was sold for $136,000. What should be the pain Voss) recognized from the sale of the machine? (Make sure to entertains as positive numbers and losses as negative numbers)

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