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ULRI Jyle Announcements (1 Unread) End of Chapter Exercise 4.12 Your answer is partially correct. Try again. Selected accounts of Amanda's Art Supplies are shown
ULRI Jyle Announcements (1 Unread) End of Chapter Exercise 4.12 Your answer is partially correct. Try again. Selected accounts of Amanda's Art Supplies are shown below at 30 June of the current year before any adjusting entries have been made. Credit Prepaid insurance Supplies Shop shelving Unearned rental fees Salaries expense Rental fees revenue Debit $3,420 550 18,240 $3,650 24,780 10,030 Additional information a. Prepaid Insurance represents premiums for 1 year paid on 1 April b. Supplies of $330 were on hand at 30 June. c. Shop shelving, which had been purchased on 1 January, is expected to last 10 years and have a residual value of $1,520. d. Amanda collected 4 months' rent in advance on 1 June from a number of tenants, e. Accrued salaries not recorded as at 30 June are $1,820. Record in the general Journal the necessary adjusting entries on 30 June (Enter debit entries first, followed by credit entries. Credit account til
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