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Return to Blackboard Kimmel, Survey of Accounting, 1e, for Central New Mexico Community College Home Read, Study& Practice Gradebook ORION nmentOpen Assignment PRINTER VERSTON BACK

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Return to Blackboard Kimmel, Survey of Accounting, 1e, for Central New Mexico Community College Home Read, Study& Practice Gradebook ORION nmentOpen Assignment PRINTER VERSTON BACK 1 The investment in the notes receivable ears interest at a rate of 12% per year 2. Supplies on hand at the end of the month totaled $15,400. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $2,900 related to unpaid salaries and wages. S. Depreciation on buildings is $4,440 per year During the month, the company satisfied obligations worth $4,800 related to the Unearned Service Revenue Unpaid maintenance and repairs costs were $2,150. 7. Prepare a tabular summary to record adjustments on July 31 assuming that adjustments are made monthly. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Stockholders Equity Retained Earnings Acc. Depr.- Bldgs. Com. Accts. Pay + Serv. Rev. + Pay. + Stock Unearned Sal. & Wages Notes Rec. +Int. Rec. SuppliesRent Bldgs. Rev. Exp. Div 24,000 Bal. 1. 2. 3. 20,000 2,600 300,000 130,000 11,600 5. 6

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