Adjustment data: 1. A count shows supplies on hand of $1,090. 2. Accrued but unpaid employees'...

 

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Adjustment data: 1. A count shows supplies on hand of $1,090. 2. Accrued but unpaid employees' salaries are $1,760. 3. Depreciation on equipment for the month is $360. 4. Services were performed to satisfy $910 of unearned service revenue. One month's worth of advertising services has been received. 5. 6. One month of interest revenue related to the $4,600 note receivable has accrued. The 4-month note has a 6% annual interest rate: Flint's chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Expense, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. Adjustment data: 1. A count shows supplies on hand of $1,090. 2. Accrued but unpaid employees' salaries are $1,760. 3. Depreciation on equipment for the month is $360. 4. Services were performed to satisfy $910 of unearned service revenue. One month's worth of advertising services has been received. 5. 6. One month of interest revenue related to the $4,600 note receivable has accrued. The 4-month note has a 6% annual interest rate: Flint's chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Expense, Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense.

Answer rating: 100% (QA)

Lets adjust the accounts using the provided adjustment data 1 Supplies Adjustment Debit Supplies Exp... View the full answer