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Please make it clear. 47,000 Salaries Expense Utilities Expense Repairs Expense 8,100 2,100 $238,400 $238,400 Other data: 1. 2. 3. 4. The balance in Prepaid
Please make it clear.
47,000 Salaries Expense Utilities Expense Repairs Expense 8,100 2,100 $238,400 $238,400 Other data: 1. 2. 3. 4. The balance in Prepaid Insurance is a one-year premium paid on June 1, 2021. A count on August 31 shows $600 of supplies on hand. Annual depreciation for buildings is based on a 25-year useful life. Annual depreciation for furniture based on a 10-year useful life. Unearned Revenue of $3,700 for rent was earned prior to August 31. Salaries of $370 were unpaid at August 31. Rent revenue of $750 were due from tenants at August 31. (Use Accounts Receivable.) The note payable interest rate is 6% per year. 5. . . 6. 7. 8. TYU. Udle ACCOUNC Tilies and cxpidid LINE ULUI LOUIL 1. Aug. 31 Insurance Expense Prepaid Insurance C 2. Aug. 31 Supplies Expense Supplies > 3. Aug. 31 Depreciation Expense C Accumulated Depreciation-Furniture 4. Aug. 31 Depreciation Expense C Accumulated Depreciation-Building 5. Aug. 31 Unearned Revenue Rent Revenue V 6. Aug. 31 Salaries Expense Salaries Payable 7. . Aug. 31 Accounts Receivable Rent Revenue 8. Aug. 31 Interest Expense v Interest Payable C Prepare an adjusted trial balance as at August 31. Blue Spruce Cottages Trial Balance Debit Credit Cash $ 69 $ Prepaid Insurance Insurance Expense Supplies c Supplies Expense Rent Revenue V Salaries Payable Utilities Expense Utilities Expense Repairs Expense Salaries Expense Depreciation Expense Depreciation Expense Interest Expense C $ $Step by Step Solution
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