The ledger of Kingbird, Inc. on March 31 of the current year includes the selected...
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Accounting
The ledger of Kingbird, Inc. on March of the current year includes the selected accounts below before adjusting entries have been prepared. An analysis of the accounts shows the following. The equipment depreciates $ per month. Half of the unearned rent revenue was earned during the quarter. Interest of $ is accrued on the notes payable. Supplies on hand total $ Insurance expires at the rate of $ per month. Prepare the adjusting entries at March assuming that adjusting entries are made quarterly. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.
The ledger of Kingbird, Inc. on March of the current year includes the selected accounts below before adjusting entries
have been prepared.
An analysis of the accounts shows the following.
The equipment depreciates $ per month.
Half of the unearned rent revenue was earned during the quarter.
Interest of $ is accrued on the notes payable.
Supplies on hand total $
Insurance expires at the rate of $ per month.
Prepare the adjusting entries at March assuming that adjusting entries are made quarterly. If no entry is required, select No
Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered.
Do not indent manually.
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