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Services of $2,400 were provided but remained unbilled and uncollected at July 31. 2. The truck has an estimated useful life of five years. 3.
Services of $2,400 were provided but remained unbilled and uncollected at July 31. | ||
2. | The truck has an estimated useful life of five years. | |
3. | One twelfth of the insurance expired. | |
4. | An inventory count shows $710 of supplies on hand at July 31. | |
5. | Accrued but unpaid employee salaries were $1,500. | |
6. | The note payable has a 6% annual interest rate. |
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