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The ledger of Sage Hill Rental Agency on March 31, 2024, includes the following selected accounts before preparing quarterly adjusting entries: An analysis of the
The ledger of Sage Hill Rental Agency on March 31, 2024, includes the following selected accounts before preparing quarterly adjusting entries: An analysis of the accounts shows the following: 1. The equipment has a four-year useful life. 2. One-quarter of the unearned rent is still unearned on March 31, 2024. 3. The note payable has an interest rate of 8%. Interest is paid every June 30 and December 31. 4. Supplies on hand at March 31 total $810. 5. The one-year insurance policy was purchased on January 1, 2024. 6. As at March 31, a tenant owed Sage Hill $770 for the month of March. 1. Mar. 31 2. Mar. 31 3. Mar. 31 4. Mar. 31 5. Mar. 31 6. Mar. 31
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