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Prepare adjusting entries from selected account data. Highlights, Notes, Bookmarks E3.14 (LO 2, 3) The ledger of Yoon Lumber Supply on July 31, 2025,
Prepare adjusting entries from selected account data. Highlights, Notes, Bookmarks E3.14 (LO 2, 3) The ledger of Yoon Lumber Supply on July 31, 2025, includes the selected accounts below before adjusting entries have been prepared. Notes Payable Supplies Prepaid Rent Buildings Accumulated Depreciation Buildings Unearned Service Revenue An analysis of the company's accounts shows the following. 1. The notes payable pay interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled W18,600. 3. The balance in Prepaid Rent represents 4 months of rent costs. Debit Credit W 20,000 W 24,000 3,600 250,000 4. Employees were owed W3,100 related to unpaid salaries and wages. 5. Depreciation on buildings is W6,000 per year. 140,000 11,500 6. During the month, the company satisfied obligations worth W4,700 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were W2,300.
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