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Question 1 of 3 -/5 The ledger of Uniform Ltd on 30 June of the current year includes these selected accounts and corresponding account numbers before adjusting entries have been prepared. Debits Credits 100 $13,320 110 Prepaid insurance Supplies Equipment 7,740 120 94,090 121 Accumulated depreciation-equipment $29.940 200 Bank loan 78.940 210 Rent revenue received in advance 36,270 400 Rent revenue 248,040 500 Interest expense 510 Wage expense 51.550 An analysis of the accounts shows the following 1 2 1 The equipment depreciates 51.660 per month. The rent revenue received in advance was for the 9 months commencing 1 April Interest of $890 is accrued on the bank loan. Supplies on hand total $3,080. The benefits of prepaid insurance expire at the rate of $1,110 per month 5 Required Prepare the adjusting entries at 30 June, assuming that adjusting entries are made quarterly. Additional accounts and account numbers are: 520 depreciation expense, 530 insurance expense, 220 interest payable and 540 supplies expense (Enter debit entries first followed by credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually) Question 1 of 3 -/5 Uniform Ltd General journal Debit Date Account and explanation Post rel. Credit $ June 30 (Depreciation for the quarter) June 30 (Rent revenue April-June now revenue) June 30 ILITI (Accrued interest June 30 (Supplies used) June 30 Insurance expense for the 3 months to June) Save for later Attempts: 0 of 3 used Submit

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