Question: CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREE Exercise 4-9 The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREE Exercise 4-9 The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Debit Credit $3,740 1,890 28,300 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue $8,490 18,500 11,400 61,600 Rent Revenue Interest Expense Salaries and Wages Expense 12,600 An analysis of the accounts shows the following. 1. The equipment depreciates $280 per month 2. Half of the unearned rent revenue was earned during the quarter 3. Interest of $550 is accrued on the notes payable 4 Supplies on hand total $910. S. Insurance expires at the rate of $210 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are Credit account titi Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for Credit account titles are automatically indented No. Date Account Titles and Explanation 1. Mar. 31 Debit 2 Mar 31 3Ma, 31 4. Max. 31 5. Mar 31 Click if you would like to Show Work for this question: Open Show Work PhotoGrid
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