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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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