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QUESTION 36 Select accounts of Burger Express are shown below as of December 31, 20X9, before any accounts have been adjusted for the current fiscal
QUESTION 36 Select accounts of Burger Express are shown below as of December 31, 20X9, before any accounts have been adjusted for the current fiscal year. Credit Debit 103,680 16,500 Prepaid rent Accumulated depreciation - Van Accumulated depreciation - Stoves Gift certificates - unearned revenue 29,250 4,680 Your analysis reveals additional information as follows: Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers O e SOM (hp revenue 4,680 Your analysis reveals additional information as follows: On June 1, 20X9, the company prepaid rent of $8,640 per month for a 12-month lease on its building The company bought the van on January 1, 20X7 for the cost of $132,000. The van is expected to last eight years. The company's policy is to record depreciation evenly over the asset's useful life. No depreciation has been recorded during fiscal year 20X9. When purchased on January 1, 20X6, the stoves had expected lives of 10 years. The company's policy is to record depreciation evenly over the asset's useful life. No depreciation has been recorded on the stoves during fiscal 20X9 The company sells numbered gift certificates in $60 denominations. At year end there were 30 unredeemed gift certificates Required: Prepare journal entries for any required accounting adjustments T TT Arial 3112p) . T.E.E . Click Save and Submit to save and submit. Click Save All Answers to save all answer Save Al Answers
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