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The ledger of Blossom Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. An analysis
The ledger of Blossom Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. An analysis of the accounts shows the following: 1. The equipment depreciates $728 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $1,040 is accrued on the notes payable. 4. Supplies on hand total $2,210. 5. Insurance expires at the rate of $1,040 per month. been prepared. An aralyis of the accounts shown the followire 1. The equipment depreciates 5728 per asonth. 2. Half of the unearned ent reverue was exmed durins bue Quiner. 3. intereat of $1.040 is accrued on the notes pavable. 4. Supplies on hand total $2.210. 5. Imurance copiren at the rate of $1.040 oer moveh. monoally\}
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