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please answer 9/18/2017 Exercise 4-9 Print by: MIGEL GOXHAJ F'17 Section 008 Stewart Copy of Chapter 4 Homework Exercise 4-9 The ledger of Sheridan Company
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9/18/2017 Exercise 4-9 Print by: MIGEL GOXHAJ F'17 Section 008 Stewart Copy of Chapter 4 Homework Exercise 4-9 The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Debit $3,740 1,890 28,300 Credit Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue $8,490 18,500 11,400 61,600 Interest Expense Salaries and Wages Expense An analysis of the accounts shows the following 1. The equipment depreciates $280 per month. 0 12,600 2. Half of the unearned rent revenue was earned during the quarter 3. Interest of $550 is accrued on the notes payable. 4. Supplies on hand total $910 5. Insurance expires at the rate of $210 per month Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1 Mar. 31 2. Mar. 31 3. Mar. 31 4. Mar. 31 S. Mar. 31Step by Step Solution
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