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Data Table Account Debit Credit Debit Credit Cash Accounts receivable Interest r

ID: 2337317 • Letter: D

Question

Data Table Account Debit Credit Debit Credit Cash Accounts receivable Interest receivable Note receivable Supplies Prepaid insurance Building Accumulated depreciation-building Accounts payable Wages payable Unearned rental revenue Common stock Retained earnings Dividends Rental revenue Interest revenue Depreciation expense-building Supplies expense Utilities expense Wage expense Property tax expense $ 8,900 8,900 7,000 500 4,500 400 1,600 66,500 6,500 4,500 1,000 3,000 66,500 S 7,400 S 9,300 6,600 840 1,300 21,000 46,200 6,600 1,600 21,000 46,200 3,400 3,400 12,500 13,300 600 1,100 1,900 600 200 2,040 700 1,400 200 1,200 700 Insurance expense S 95,900 S95,900 $ 99,640 S 99,640 Total PrintDone

Explanation / Answer

Adjusting entry :

2) Compute following :

Total assets = $80100

Total liabilities = $8740

Net income = $7560

Total equity = $71360

Dte account and explanation debit credit June 30 Account receivable 500 Rental revenue 500 (To record rental revenue) June 30 Interest receivable 500 Interest revenue 500 (To record interest revenue) June 30 Supplies expense 600 Supplies 600 (To record supplies expense) June 30 Insurance expense 1400 Prepaid insurance 1400 (To record insurance expense) June 30 Depreciation expense 1900 Accumlated depreciation-Building 1900 (To record depreciation expense) June 30 Wages expense 840 Wages payable 840 (To record wages expense) June 30 Unearned revenue 300 Rental revenue 300 (To record rent revenue)