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  1. business
  2. accounting
  3. adj. 2. adj. 3a. adj. 3b. adj. 4. adj. 5. adj. 6.

Adj. 2. Adj. 3a. Adj. 3b. Adj. 4. Adj. 5. Adj. 6. Adj. Bal. i...

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Accounting

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Adj. 2. Adj. 3a. Adj. 3b. Adj. 4. Adj. 5. Adj. 6. Adj. Bal. i Prepd. Insur. Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses. 1. Insurance expires at the rate of $1,395 per month. 2. A count of supplies shows $3,255 of unused supplies on May 31 . 3. (a) Annual depreciation is $11,160 on the building. (b) Annual depreciation is $9,300 on equipment. 4. The note payable interest rate is 6%. (The note was taken out on May 1 and has a 1 -year life. Interest and principal are to be repaid at the maturity of the note.) 5. Rental services related to unearned rent of $7,750 have been provided. 6. Salaries of $2,790 are accrued and unpaid at May 31

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