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Please answer all part Question 3 A review of the ledger of Sunland Company at December 31, 2017, produces of annual adjusting entries these data
Please answer all part
Question 3 A review of the ledger of Sunland Company at December 31, 2017, produces of annual adjusting entries these data pertaining to the preparation 1. Prepaid Insurance $20,818. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the b A2958 on the vehicles uilding was purchased on July 1, 2016, for $15,240. The policy has a term of 3 years. Policy was purchased on January 1, 2017, for $8,118. This policy has a term of 18 months. 2. Unearned Rent Revenue $52 1,460. The company began subleasing office space in its new building on November 1 At December 31, th lease. e company had the following rental contracts that are paid in full for the entire term of the Term (in months) Number of Leases Date Nov. 1 Dec. 1 Monthly Rent $4,590 $8,110 10 Notes Payable $42,800. This balance consists of a note for 6 months at an annual interest rate of 7%, dated October 1 3. alaries and Wages Payable $0. There are 10 salaried employees. Salaries are paid every Friday for the current week. 5 employees receive a salary of $660 December 31 is a Wednesday. Employees do not work weekends. All employees worked the last 3 days of December. 4. S ach per week, and 5 employees earn $755 each per week. Assume Prepare the adjusting entries at December 31, 2017. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 2. 3. 4 Step by Step Solution
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