Question
Please provide trial balance or account balances:At December 31, the business gathers the following information for the adjusting entries: a. Office supplies on hand, $165
Please provide trial balance or account balances:At December 31, the business gathers the following information for the adjusting entries: a. Office supplies on hand, $165 b. Rent of one month has been used (1000.00). c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is five years and the residual value is $5,000. d. $400 of unearned revenue has now been earned. e. The employee who has been working the rental booth has earned $1,250 in wages that will be paid January 15, 2013. f. Bouncy House has earned $1,850 of rental revenue that has not been recorded or received. g. Determine the depreciation on the bouncy houses purchased on November 3 using straight-line depreciation. Assume the useful life of the houses is 4 years and the residual value is $0. h. Determine the depreciation on the bouncy houses purchased on December 2 using straight-line depreciation. Assume the useful life of the houses is 4 years and the residual value is $0. i. Interest expense accrued on the notes payable, $50.
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