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please solve it principles of accounting The ledger of ACI Company on March 31, 2019 of the current year includes the following selected accounts: if
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principles of accounting
The ledger of ACI Company on March 31, 2019 of the current year includes the following selected accounts:
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QUESTION NO 1 The ledger of ACI Company on March 31, 2019 of the current year includes the following selected accounts: Particulars Credit Prepaid Insurance Debit Tk 3,600 2,800 25,000 Supplies Equipment Accumulated depreciation- Equipment Notes payable Unearned Rent Revenue Tk 8,400 20,000 6,300 60,000 -0- Rent revenue Interest expense Salaries and Wages expense 14,000 Additional data: 1. The equipment depreciates Tk 250 per month. 2. One-third of the unearned rent was earned during the quarter. 3. Interest of Tk 500 is accrued on the notes payable. 4. Supplies on hand total Tk 650. 5. Insurance expires at the rate of Tk 300 per month QUESTION NO 1 The ledger of ACI Company on March 31, 2019 of the current year includes the following selected accounts: Particulars Credit Prepaid Insurance Debit Tk 3,600 2,800 25,000 Supplies Equipment Accumulated depreciation- Equipment Notes payable Unearned Rent Revenue Tk 8,400 20,000 6,300 60,000 -0- Rent revenue Interest expense Salaries and Wages expense 14,000 Additional data: 1. The equipment depreciates Tk 250 per month. 2. One-third of the unearned rent was earned during the quarter. 3. Interest of Tk 500 is accrued on the notes payable. 4. Supplies on hand total Tk 650. 5. Insurance expires at the rate of Tk 300 per monthStep by Step Solution
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