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please send me full answer The following is Cullumber Cycle Repair Shop's trial balance at Januarv 31,2024 , the company's fiscal year end: Additional information:
please send me full answer
The following is Cullumber Cycle Repair Shop's trial balance at Januarv 31,2024 , the company's fiscal year end: Additional information: Additional information: 1. The 12-month insurance policy was purchased on June 1,2023. 2. A physical count of supplies shows $1,340 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,$1,330 of services related to the unearned revenue have been provided. 6. During the next fiscal year, $4,530 of the mortgage payable is to be paid. (a) Your answer has been saved. See score details after the due date. Prepare the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) FAPTER ASSIGNMENT Question 1 of 2 (To record supplies used) Jan. 31 Insurance Expense Accumulated Depreciation- Building Accumulated Depreciation- Equipment (To record depreciation expense) Jan. 31 Interest Expense $760 Interest Payable $760 (To accrue interest expense) Jan. 31 Unearned Revenue $1330 Service Revenue $1330 (To record revenue for services provided) eTextbook and Media CULLUMBER CYCLE REPAIR SHOP Adjusted Trial Balance Credit $ $ C CHAPTER ASSIGNMENT Question 1 of 2 Question 1 of 2 Total $ eTextbook and MediaStep by Step Solution
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