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Question 12 of 12 Debit Credit Prepaid Insurance $ 10,800. Supplies 3,200 Equipment 25,000 Accumulated Depreciation-Equipment $8,800 Notes Payable Unearned Rent Revenue 22,000 9,300
Question 12 of 12 Debit Credit Prepaid Insurance $ 10,800. Supplies 3,200 Equipment 25,000 Accumulated Depreciation-Equipment $8,800 Notes Payable Unearned Rent Revenue 22,000 9,300 Rent Revenue Interest Expense Salaries and Wages Expense 62,000 0 18,000 An analysis of the accounts shows the following. 1. The equipment depreciates $400 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $550 should be accrued on the notes payable. 4. Supplies on hand total $760, 5. Insurance expires at the rate of $900 per month. -/1
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