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Oriole Inc. had the following transactions. 1. Prepaid insurance of $615 has expired. 2. Supplies on hand at the eng of the year total $1,325.
Oriole Inc. had the following transactions. 1. Prepaid insurance of $615 has expired. 2. Supplies on hand at the eng of the year total $1,325. The unadjusted balance was $2,500. 3. Monthly depreciation on equipment is $420. 4. Services of $400 have been provided. This amount was previously received and recorded as unearned revenue. 5. Salaries earned by employees for the month of $1,250 have not been paid or recorded. 6. The utility bill for $375 was received on the last day of the month and is unpaid and unrecorded. 7. Services performed but not collected in cash or recorded total $920. 8. Interest on a bank loan line of credit of $145 has accrued. 9. Services have now been performed in the amount of $1.655 on a job that totalled $3,200. The total was paid previously b the customer. 10. Equipment was purchased for $12,000 and has a useful life of five years. The company records its depreciation monthly. Oriole Inc. had the following transactions. 1. Prepaid insurance of $615 has expired. 2. Supplies on hand at the eng of the year total $1,325. The unadjusted balance was $2,500. 3. Monthly depreciation on equipment is $420. 4. Services of $400 have been provided. This amount was previously received and recorded as unearned revenue. 5. Salaries earned by employees for the month of $1,250 have not been paid or recorded. 6. The utility bill for $375 was received on the last day of the month and is unpaid and unrecorded. 7. Services performed but not collected in cash or recorded total $920. 8. Interest on a bank loan line of credit of $145 has accrued. 9. Services have now been performed in the amount of $1.655 on a job that totalled $3,200. The total was paid previously b the customer. 10. Equipment was purchased for $12,000 and has a useful life of five years. The company records its depreciation monthly
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