Tree Top Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31 , 2018: (Click the icon to view the November and December transactions.) (Click the icon to view the unadjusted trial balance.) At December 31 , the business gathers the following information for the adjusting entries: (Click the icon to view the additional information.) Read the requirements. Received $22,000 cash to begin the company and issued common stock to Anya Nov. 1 and Zander. Nov. 2 Signed a lease for a building and paid $1,000 for the first month's rent. Nov. 3 Purchased canoes for $3,840 on account. Nov. 4 Purchased office supplies on account, $400. Nov. 7 Earned $1,500 cash for rental of canoes. Nov. 13 Paid $1,400 cash for wages. Nov. 15 Paid $450 dividends to stockholders. Nov. 16 Received a bill for $200 for utilities. (Use separate payable account.) Nov. 20 Received a bill for $190 for cell phone expenses. (Use separate payable account.) Nov. 22 Rented canoes to Tender Time on account, $2,800. Nov. 26 Paid $1,600 on account related to the November 3,2018 , purchase. Nov. 28 Received $1,600 from Tender Time for canoe rental on November 22, 2018. Nov. 30 Paid $500 dividends to stockholders. Anya and Zander contributed land on the river (worth $100,000 ) and a small Dec. 1 building to use as a rental office (worth $212,000 ) in exchange for common stock. Prepaid $3,000 for three months' rent on the warehouse where the company Dec. 1 stores the canoes. Dec. 2 Purchased canoes signing a notes payable for $6,720. Dec. 4 Purchased office supplies on account for $300. Dec. 9 Received $4,800 cash for canoe rentals to customers. Dec. 15 Rented canoes to customers for $3,700, but will be paid next month. Received a $500 deposit from a canoe rental group that will use the canoes next Dec. 16 month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, $1,000. Dec. 20 Received bills for the telephone ($270) and utilities ( $240) which will be paid later. Dec. 31 Paid wages of $1,600. Dec. 31 Paid cash dividend to stockholders, $700. Reference Tree Top Company Unadjusted Trial Balance December 31,2018 Balance Account Title Debit Credit Cash 18,760 Accounts Receivable 4,900 Office Supplies 700 Prepaid Rent 3,000 Land 100,000 Building 212,000 Canoes 10,560 Accounts Payable S1,940 Utilities Payable 240 Telephone Payable Unearned Revenue Notes Payable Common Stock Dividends 1,650 Canoe Rental Revenue 12,800 Rent Expense 1,000 Wages Expense 3,000 Utilities Expense 440 Telephone Expense Total More info a. Office supplies on hand, $250 b. Rent of one month has been used. (Hint: See the second Dec. 1 transaction.) c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is fifteen years and the residual value is $14,000. (Hint: The building was purchased on December 1 .) d. $200 of unearned revenue has now been eamed. (Assume that the initial unearned revenue was recorded as a liability.) e. The employee who has been working the rental booth has earned $1,400 in wages that will be paid January 15,2019 . f. Tree Top has earned $1,900 of canoe rental revenue that has not been recorded or received. g. Determine the depreciation on the canoes purchased on November 3 using straight-line depreciation. Assume the useful life of the canoes is 8 years and the residual value is S0. h. Determine the depreciation on the canoes purchased on December 2 using straight-line depreciation. Assume the useful life of the canoes is 8 years and the residual value is $0. i. Interest expense accrued on the notes payable, $30. Tree Top Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31 , 2018: (Click the icon to view the November and December transactions.) (Click the icon to view the unadjusted trial balance.) At December 31 , the business gathers the following information for the adjusting entries: (Click the icon to view the additional information.) Read the requirements. Received $22,000 cash to begin the company and issued common stock to Anya Nov. 1 and Zander. Nov. 2 Signed a lease for a building and paid $1,000 for the first month's rent. Nov. 3 Purchased canoes for $3,840 on account. Nov. 4 Purchased office supplies on account, $400. Nov. 7 Earned $1,500 cash for rental of canoes. Nov. 13 Paid $1,400 cash for wages. Nov. 15 Paid $450 dividends to stockholders. Nov. 16 Received a bill for $200 for utilities. (Use separate payable account.) Nov. 20 Received a bill for $190 for cell phone expenses. (Use separate payable account.) Nov. 22 Rented canoes to Tender Time on account, $2,800. Nov. 26 Paid $1,600 on account related to the November 3,2018 , purchase. Nov. 28 Received $1,600 from Tender Time for canoe rental on November 22, 2018. Nov. 30 Paid $500 dividends to stockholders. Anya and Zander contributed land on the river (worth $100,000 ) and a small Dec. 1 building to use as a rental office (worth $212,000 ) in exchange for common stock. Prepaid $3,000 for three months' rent on the warehouse where the company Dec. 1 stores the canoes. Dec. 2 Purchased canoes signing a notes payable for $6,720. Dec. 4 Purchased office supplies on account for $300. Dec. 9 Received $4,800 cash for canoe rentals to customers. Dec. 15 Rented canoes to customers for $3,700, but will be paid next month. Received a $500 deposit from a canoe rental group that will use the canoes next Dec. 16 month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, $1,000. Dec. 20 Received bills for the telephone ($270) and utilities ( $240) which will be paid later. Dec. 31 Paid wages of $1,600. Dec. 31 Paid cash dividend to stockholders, $700. Reference Tree Top Company Unadjusted Trial Balance December 31,2018 Balance Account Title Debit Credit Cash 18,760 Accounts Receivable 4,900 Office Supplies 700 Prepaid Rent 3,000 Land 100,000 Building 212,000 Canoes 10,560 Accounts Payable S1,940 Utilities Payable 240 Telephone Payable Unearned Revenue Notes Payable Common Stock Dividends 1,650 Canoe Rental Revenue 12,800 Rent Expense 1,000 Wages Expense 3,000 Utilities Expense 440 Telephone Expense Total More info a. Office supplies on hand, $250 b. Rent of one month has been used. (Hint: See the second Dec. 1 transaction.) c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is fifteen years and the residual value is $14,000. (Hint: The building was purchased on December 1 .) d. $200 of unearned revenue has now been eamed. (Assume that the initial unearned revenue was recorded as a liability.) e. The employee who has been working the rental booth has earned $1,400 in wages that will be paid January 15,2019 . f. Tree Top has earned $1,900 of canoe rental revenue that has not been recorded or received. g. Determine the depreciation on the canoes purchased on November 3 using straight-line depreciation. Assume the useful life of the canoes is 8 years and the residual value is S0. h. Determine the depreciation on the canoes purchased on December 2 using straight-line depreciation. Assume the useful life of the canoes is 8 years and the residual value is $0. i. Interest expense accrued on the notes payable, $30