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Please provide explanation/work for each entry The ledger of Pina Colada Corp. on July 31, 2022, includes the selected accounts below before adjusting entries have
Please provide explanation/work for each entry
The ledger of Pina Colada Corp. on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared Credit Investment in Note Receivable Debit $ 18,000 Supplies 22,500 5.400 210.000 Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue 5135.000 11.100 An analysis of the company's accounts shows the following The investment in the notes receivable earns interest at a rate of 12% per year Supplies on hand at the end of the month totaled $17.600 An analysis of the company's accounts shows the following 1. 2 3 The investment in the notes receivable earns interest at a rate of 12% per year. Supplies on hand at the end of the month totaled $ 17,600 The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $ 2.800 related to unpaid salaries and wages. Depreciation on buildings is $ 6,360 per year. During the month the company satisfied obligations worth $ 4.500 related to the Unearned Services Revenue. Unpaid maintenance and repairs costs were $ 2.100, S 6. 17 Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Step by Step Solution
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