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please answer question 2 asap The unadjusted trial balance and adjustment data for Sandhill Cycle Repair Shop are provided. Additional information: 1. The 12-month insurance
please answer question 2 asap
The unadjusted trial balance and adjustment data for Sandhill Cycle Repair Shop are provided. Additional information: 1. The 12-month insurance policy was purchased on June 1, 2023. 2. A physical count of supplies shows $1,410 on hand on January 31,2024. 3. The building has an estimated useful life of 50 years. The equipment has an estimated useful life of nine years. 4. The mortgage payable has a 5% interest rate. Interest is paid on the first day of each month for the previous month's interest. 5. By January 31,2024,$1,400 of services related to the unearned revenue have been provided. 6. During the next fiscal year, $4,600 of the mortgage payable is to be paid. Prepare a work sheet for the year ended January 31, 2024. (Round answers to O decimal places, e.g. 5,275.) Question 2 of 2 Equipment Accumulated depreciation-equipment 27.630 Accounts payable Interest payable Unearned revenue Mortgage payable H. Taylor, capital 4,605 Step by Step Solution
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