WD1 4-13

The ledger of Splish Brothers Inc. on July 31, 2017, includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue $24,000 21,500 4,400 290,000 -y $135,000 12,000 An analysis of the company's accounts shows the following 1. The investment in the notes receivable earns interest at a rate of 12% per year. 2. Supplies on hand at the end of the month totaled $17,800. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $2,700 related to unpaid salaries and wages. 5. Depreciation on buildings is $7,080 per year 6. During the month, the company satisfied obligations worth $4,850 related to the Unearned Services Revenue