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The ledger of Oriole Company on July 31, 2017, includes the selected accounts below before adjusting entries have been An analysis of the company's accounts
The ledger of Oriole Company on July 31, 2017, includes the selected accounts below before adjusting entries have been An analysis of the company's accounts shows the following. The investment in the notes receivable earns interest at a rate of 12% per year. Supplies on hand at the end of the month totaled $18, 400. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $3, 500 related to unpaid salaries and wages. Depreciation on buildings is $5, 640 per year. During the month, the company satisfied obligations worth $4, 850 related to the Unearned Services Revenue. Unpaid maintenance and repairs costs were $2, 150. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, entered. Do not indent manually.)
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