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The following information is available for Dylex Corporation on September 30 for the month just ended. a. $5,500 of the $6,750 rent paid to Dylex
The following information is available for Dylex Corporation on September 30 for the month just ended. a. $5,500 of the $6,750 rent paid to Dylex Corporation in advance has not yet been earned. b. Buildings purchased at the start of the month for $54,000 are estimated to have a useful life of five years. After this time, the buildings will be sold for $10,500. c. Unpaid and unrecorded salaries at month-end totalled $1,000. d. Dylex Corporation purchased furniture at the start of the month. The furniture cost $9,000 and is expected to have a residual value of $3,000 at the end of its five-year life. e. $4,900 of the television advertising paid for in advance has been used. Prepare the required adjusting entries at September 30, 2019. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15
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