subject
Business, 20.09.2019 22:00 bunnyqueen124

Exercise 4-12 the ledger of monty corp. on july 31, 2017, includes the selected accounts below before adjusting entries have been prepared debit credit $16,000 investment in note receivable 22,500 supplies prepaid rent 6,000 buildings 240,000 $130,000 accumulated depreciation-buildings unearned service revenue 10,800 an analysis of the company's accounts shows the following. 1. the investment in the notes receivable learns interest at a rate of 12% per year 2. supplies on hand at the end of the month totaled $15,000. 3. the balance in prepaid rent represents 4 months of rent costs. 4. employees were owed $3,500 related to unpaid salaries and wages. 5. depreciation on buildings is $4,200 per year. 6. during the month, the company satisfied obligations worth $4,700 related to the unearned services revenue. 7. unpaid maintenance and repairs costs were $2,050. prepare the adjusting entries at july 31 assuming that adjusting entries are made monthly. (if no entry is required, select "no entry" for the account titles and enter o for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 02:30
Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital
Answers: 2
question
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
question
Business, 22.06.2019 12:20
In terms of precent, beer has more alcohol than whiskey true or false
Answers: 1
question
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
You know the right answer?
Exercise 4-12 the ledger of monty corp. on july 31, 2017, includes the selected accounts below befor...
Questions
question
Mathematics, 25.01.2021 21:40
question
Arts, 25.01.2021 21:40
Questions on the website: 13722362