5. Salaries of $330 were unpaid at August 31 . 6. Rental fees of $835 were due from tenants at August 31. Use Accounts Receivable. 7. The note payable interest rate is 8% per year, and the note has been outstanding since December 1,2022 . No principal repayments are due. Interest is paid twice per year (on June 1 and December 1 ). Journallze the adjusting entrles on August 31 for the three-month perlod from June 1 to August 31. (List all debit entries before The trial balance for Sunland Limited on August 31 is as follows: Additional information: 1. The balance in Prepaid Insurance includes the cost of four months' premiums for an insurance policy that will expire on September 30, 2023. 2. An inventory count on August 31 shows $660 of supplies on hand. 3. Buildings and equipment are depreciated straight-line. From the date of purchase, the buildings have an estimated useful life of 25 years, and the equipment has an estimated useful life of 10 years. For both asset categories, residual value is estimated to be 10% of cost. 4. (i) Rent revenue includes amounts received for September rentals in the amount of $8,500. (ii) Of the unadjusted Unearned Rent Revenue of $4,300, one half was earned prior to August 31
Other questions asked by students
1. Retention time (tR) is a measure of how long a compound is retained on a...
Motor Skill: Volleyball Spike Goal: The goal of volleyball spike is to spike the ball above...
Describe two ways in which biological influences can lead to depression.
A laboratory drying oven has a composite wall made of Plane Wall 1 and Plane Wall...
Comment on the government’s budget. How did it change after the increase in government purchase?
A savanna is an ecosystem characterized by dense grasses and widely spaced trees Temperatures are...
18 18 Pressure verses temperature graph of an ideal gas at constant volume is shown...
Suppose an and b are series with positive terms and b is known to be...
Product Decisions Under Bottlenecked Operations Youngstown Glass Company...