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Oriole Company has the following balances in selected accounts on December 31, 2022. All the accounts have normal balances. The information below has been gathered
Oriole Company has the following balances in selected accounts on December 31, 2022. All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Oriole Company borrowed $9,000 by signing a 9%, one-year note on September 1,2022. 2. A count of supplies on December 31,2022 , indicates that supplies of $970 are on hand. 3. Depreciation on the equipment for 2022 is $1,800. 4. Oriole paid $4,080 for 12 months of insurance coverage on June 1,2022. 5. On December 1, 2022, Oriole collected $31,000 for consulting services to be performed evenly from December 1,2022 , through March 31, 2023. Oriole Company has the following balances in selected accounts on December 31, 2022. All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Oriole Company borrowed $9,000 by signing a 9%, one-year note on September 1,2022. 2. A count of supplies on December 31,2022 , indicates that supplies of $970 are on hand. 3. Depreciation on the equipment for 2022 is $1,800. 4. Oriole paid $4,080 for 12 months of insurance coverage on June 1,2022. 5. On December 1, 2022, Oriole collected $31,000 for consulting services to be performed evenly from December 1,2022 , through March 31, 2023
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