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the balance in prepaid rent represents 4 month totaled 17800 An analysis of the company's accounts shows the following. 1. The investment in the notes
the balance in prepaid rent represents 4 month totaled 17800
An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 12% per year. 2. Supplies on hand at the end of the month totaled $17,800. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,200 related to unpaid salaries and wages. 5. Depreciation on buildings is $4,320 per year. 6. During the month, the company satisfied obligations worth $4,600 related to the Unearned Service Revenue. 7. Unpaid maintenance and repairs costs were $2,000. An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 12% per year. 2. Supplies on hand at the end of the month totaled $17,800. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,200 related to unpaid salaries and wages. 5. Depreciation on buildings is $4,320 per year. 6. During the month, the company satisfied obligations worth $4,600 related to the Unearned Service Revenue. 7. Unpaid maintenance and repairs costs were $2,000 Step by Step Solution
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