What is Supplies Expense for 8/31 (Requirement 7)?

What is the supplies on hand amount in Requirement 2 at July 31?

Problem 7-7 Take-Out a Loan - Accrue Interest on the Loan - Pay Interest On April 1, 2019, the terms and other information pertaining to the loan: Baker Construction, Inc. signed a note for a loan from its bank. The following are . $100,000 1 year Amount of the loan How long the loan is for (the term of the loan) Date the loan was made Date of first interest payment to the bank .June Amount of interest charged by the bank for April.. $550 n..April 1, 2019 30, 2019 Amount of interest charged by the bank for May.$568 Amount of interest charged by the bank for June $550 The following is a partial list of the accounts in Baker's General Ledger. These are the only accounts you need for this problem. Cash D Note Payable D Interest Payable D Interest Expense Purchase and Depreciate Two Items of Property, Plant,& Equipment Problem 7-2 Recently the Ace Manufact system. Below is the information about these two new items of Property, Plant, & Equipment The following are the facts for the office building: uring Company purchased an office building and a new computer Date on which the building was purchased ...April 1, 2019 Purchase price..S Method of paymentpaid $300,000 cash - signed a note for .$1,800,000 the remainder of the purchase price Estimated life 50 years Estimated value at the end of 50 years.... Depreciation method. Straight-Line The following are the facts for the computer system: Date on which computer was purchased.. May 1,2019 Purchase price. Method of paymentCash Estimated life Estimated value at the end of 7 years$O Depreciation method... $58,800 7 years Straight-Line The following is a partial list of the accounts in Ace's General Ledger. These are the only accounts you need for this problem. Cash D Building (asset account) D Accumulated Depreciation-Building D Computer (asset account) D Accumulated Depreciation-Computer D Note Payable D Depreciation Expense Remove and use the forms on Pgs 215 and 216 to complete this problem. Requirement 1 Prepare the General Journal entry to record the purchase of the new building on April 1. Requirement 2 Calculate the amount of monthly depreciation for the new building. Problem 7-7 Take-Out a Loan - Accrue Interest on the Loan - Pay Interest On April 1, 2019, the terms and other information pertaining to the loan: Baker Construction, Inc. signed a note for a loan from its bank. The following are . $100,000 1 year Amount of the loan How long the loan is for (the term of the loan) Date the loan was made Date of first interest payment to the bank .June Amount of interest charged by the bank for April.. $550 n..April 1, 2019 30, 2019 Amount of interest charged by the bank for May.$568 Amount of interest charged by the bank for June $550 The following is a partial list of the accounts in Baker's General Ledger. These are the only accounts you need for this problem. Cash D Note Payable D Interest Payable D Interest Expense Purchase and Depreciate Two Items of Property, Plant,& Equipment Problem 7-2 Recently the Ace Manufact system. Below is the information about these two new items of Property, Plant, & Equipment The following are the facts for the office building: uring Company purchased an office building and a new computer Date on which the building was purchased ...April 1, 2019 Purchase price..S Method of paymentpaid $300,000 cash - signed a note for .$1,800,000 the remainder of the purchase price Estimated life 50 years Estimated value at the end of 50 years.... Depreciation method. Straight-Line The following are the facts for the computer system: Date on which computer was purchased.. May 1,2019 Purchase price. Method of paymentCash Estimated life Estimated value at the end of 7 years$O Depreciation method... $58,800 7 years Straight-Line The following is a partial list of the accounts in Ace's General Ledger. These are the only accounts you need for this problem. Cash D Building (asset account) D Accumulated Depreciation-Building D Computer (asset account) D Accumulated Depreciation-Computer D Note Payable D Depreciation Expense Remove and use the forms on Pgs 215 and 216 to complete this problem. Requirement 1 Prepare the General Journal entry to record the purchase of the new building on April 1. Requirement 2 Calculate the amount of monthly depreciation for the new building