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On November 1, 2021 rent on a storage facility was paid to a vendor for $2,700, which will cover a span of 6-months. What will
On November 1, 2021 rent on a storage facility was paid to a vendor for $2,700, | ||||||||
which will cover a span of 6-months. | ||||||||
What will be the adjusting entry to record the rent usage on November 30, 2021? |
A company borrowed $10,000 from a credit union on November 1, 2021. This is a 3-month | |||||||||
loan with the company being charged a 9% annual interest rate. | |||||||||
What will be the adjusting entry to record the accrued interest on November 30, 2021? | |||||||||
(hint - do not forget to covert the annual interest rate to a monthly interest rate before calculating) |
A supplies cabinet has a beginning balance inventory as of October 31, 2021 of $590. During the | ||||||||||
month of November, 2021, $900 of additional supplies were purchased. On November 30, 2021, | ||||||||||
the ending balance of the supplies cabinet is $290. | ||||||||||
What will be the adjusting entry to record the supplies usage on November 30, 2021? |
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