fill in charts n Assignment CALCULATOR HESSAG The ledg er of Concord Corporation
ID: 2406505 • Letter: F
Question
fill in charts
n Assignment CALCULATOR HESSAG The ledg er of Concord Corporation on July 31, 2019, includes the selected accounts below before ad justing entries have been prepared. Debit Credit 13-5 Notes Payable Supplies Prepaid Rent $24,000 $23,000 3,400 260,000 3 24 Buildings Accumulated Depreciation-Buildings Unearned Service Revenue $130,000 10,600 lts by tiee An analysis of the company's accounts shows the following, 1. The notes payable pays interest at a rate of 6% per year Supplies on hand at the end of the month totaled $15,000. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $3,100 related to unpaid salaries and wages. Depreciation on buildings is $6,240 per year 2. 3. 4. 5. the company satisfied obligations worth $4,850 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2,000. prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (I no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit acco amount is entered. Do not indent manually,) No. Date Account Titles and Explanation L. July 31 DebitExplanation / Answer
Journal Entries No. Date Accounts title and explanations Debit Credit 1 31-Jul Interest expense Account Dr. 120 Interest payable 120 2 31-Jul Supplies expense Account Dr. 8000 Supplies Account 8000 3 31-Jul Rent expense Account Dr. 850 Prepaid rent Account 850 4 31-Jul Salaries and wages expense Account Dr. 3100 Salaries and wages payable Account 3100 5 31-Jul Depreciation expense Account Dr. 520 Accumulated depreciation-Building 520 6 31-Jul Unearned Service revenue Account Dr. 4850 Service revenue Account 4850 7 31-Jul Maintenance and Repairs expense Account Dr. 2000 Maintenance And repairs payable 2000
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