The ledger of tamarisk rental agency on march 31 of the current year includes the following selected accounts before adjusting entries have been prepared. debit credit prepaid insurance $3,864 supplies 2,637 equipment 23,780 accumulated depreciation-equipment $8,654 notes payable 18,800 unearned rent revenue 4,980 rent revenue 56,670 interest expense β0β salaries and wages expense 15,100 an analysis of the accounts shows the following. 1. the equipment depreciates $250 per month. 2. one-third of the unearned rent was earned as revenue during the quarter. 3. interest of $520 is accrued on the notes payable. 4. supplies on hand total $585. 5. insurance expires at the rate of $322 per month. prepare the adjusting entries at march 31, assuming that adjusting entries are made quarterly. additional accounts are depreciation expense, insurance expense, interest payable, and supplies expenses. (
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Business, 22.06.2019 08:30
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"jakeβs roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the companyβs activity variances for may."
Answers: 1
The ledger of tamarisk rental agency on march 31 of the current year includes the following selected...
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