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The ledger of Sugarcreek Co. on December 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit

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The ledger of Sugarcreek Co. on December 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $6,000 Supplies 3.600 Equipment 60,000 Accumulated Depreciation - Equipment $12.000 Notes Payable 20.000 Unearned Rent Revenue 15,000 Rent Revenue 80,000 Interest Expense 12.000 Wage Expense 525.000 Totals: $106,600 $127.000 An analysis of the accounts shows the following: 1. The equipment depreciation per month is: $1,000 2. One-third of the unearned rent was earned during the quarter. 3. Interest accrued for the month on notes payable is: $400 4. Supplies on hand total: $1,200 5. The monthly insurance expiration rate is: $500 (Required) Prepare the adjusting entries at December 31, assuming that adjusting entries are made quarterly. Additional accounts are: (Omit explanations.) Depreciation Expense Interest Payable Insurance Expense Supplies Expense Arial III T TT TT Paragraph % DOO fx Mashup 3 (120) ' , lili HTML CSS Path: P

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