Question: A partial tabular summary for Bramble Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared



A partial tabular summary for Bramble Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Assets Liabilities Stockholders' Equity Reatined Earning Prepaid Insurance 3,870 Acc. Depr: Equip. -8.790 Int. - Pay. + 0 Supplies + 3,160 + Com + Stock Notes Pay 19,300 + Equip 29,300 Unearn Rent Rev. 11,300 + Rev. Exp. Bal. An analysis of the accounts shows the following 1. 2 3. The equipment depreciates $270 per month Half of the unearned rent revenue was earned during the quarter. Interest of $550 is accrued on the notes payable. Supplies on hand total $950. Insurance expires at the rate of $430 per month 4. 5. Prepare a tabular summary to record adjustments at March 31, assuming that adjustments are made quarterly, if a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced) Assets Supplies + Prepaid Insurance 3,870 Equip Ace Depe Equip -8.790 Bal 3.160 29,300 1 2 I 3 4 5. e Textbook and Media Prepare a tabular summary to record adjustments at March 31, assuming that adjustments are made quarterly. Of a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sien for parentheses) In front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Liabilities Unearn Rent Com Pay Notes Pay. Rev. Stock 19 300 11.300 int 0 e Textbook and Media Prepare a tabular summary to record adjustments at March 31, assuming that adjustments are made quarterly. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Exp Rev. Div > e Textbook and Media
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