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Oriole Ridge Plumbing's year end is October 31. The company's trial balance prior to adjustments follows: Additional information: 1. The equipment has an expected useful
Oriole Ridge Plumbing's year end is October 31. The company's trial balance prior to adjustments follows: Additional information: 1. The equipment has an expected useful life of 10 years. The vehicles' expected useful life is eight years. 2. A physical count showed $2,100 of supplies on hand at October 31,2024. 3. Accrued salaries payable at October 31, 2024, were $2,700. 4. Interest on the 5% note payable is payable at the end of each month and $10,800 of the principal must be paid on December 31 each year. Interest payments are up to date as at September 30, 2024. 5. The owner, H. Brown, invested $2,100 cash in the business on December 28,2023 . (Note: This has been correctly recorded.) Prepare the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry" for the account tilles and enter 0 for the amounts, List all deblit entries before credit entries.) Date Account Titles Debit Oct. 31 (To record depreciation) Oct. 31 (To record supplies used) Oct.31 (To record accrued salaries) Oct. 31 (To record accrued interest) 1 Prepare an incomestatement. ORIOLE RIDGE PLUMBING Income Statement $ $ Prepare a statement of owner's equity. (List items that increase owner's equilyy first) ORIOLERIDGE PLUMBING Statement of Owner's Equity : $ Question Part Score savefor Later Attempts: 0 of 1 used Submit
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