Current Attempt in Progress $($a$4)$ How much should the adjusted balance in the Prepaid Insurance account be at July $31,2024?$

Adjusted balance in the Prepaid Insurance account

$($b$1)$ How much is annual depreciation expense for the building?

Annual depreciation expense $

$($b$2)$ Calculate the unadjusted balance in the Accumulated Depreciation$-$Buildings account as at July $31,$

Unadjusted balance in the Accumulated Depreciation$-$Buildings account

$($b$3)$ How much should the adjusted balance in the Accumulated Depreciation$-$Buildings account be at July

$31,2024?$

Adjusted balance in the Accumulated Depreciation$-$Buildings account

$($c$1)$ How much does the company earn per month for the magazine subscriptions?

Revenue $

$($c$3)$ How much should the adjusted balance in the Deferred Revenue account be at July $31,2024?($d$1)$ How much salary was paid on the last payday, Monday, July $29?$

Salary $,$$

$($d$2)$ How much, if any, salary is owed to the employees on July $31?$

Salary $,$$

$($d$3)$ How much salary will be paid on the next payday, Monday, August $5?($e$)$ Prepare the adjusting journal entries required for each of the above four items at July $31,2024.($Hint: Use

the account Subscription Revenue for item $($c$).)($Credit account titles are automatically indented when

the amount is entered. Do not indent manually. Round all amounts to the nearest dollar. If no entry is

required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries

before credit entries.$)$

July

July $$

July $31,$

eTextbook and Media

List of Accounts

A review of the ledger of Coronado Corporation at its year end, July $31,2024,$ produces the following

unadjusted data for the preparation of annual adjusting entries:

Prepaid Insurance, July $31,2024,$ unadjusted balance, $$9,760$ : The company purchased an insurance

policy on December $1,2022,$ with a two$-$year term, which expires November $30,2024.$

Buildings, July $31,2024,$ unadjusted balance, $$246,600$ : The company owns a building purchased on

September $1,2017,$ for $$246,600,$ with an estimated $30-$year useful life. The company uses straight$-$

line depreciation.

Deferred Revenue, July $31,2024,$ unadjusted balance, $$38,250$ : The selling price of a digital

magazine subscription is $$60$ for $24$ monthly issues delivered over a two$-$year period. The company

had sold $900$ subscriptions on January $1,2023,$ during a special promotion.

Salaries Payable, July $31,2024,$ unadjusted balance, $$0$ : There are nine salaried employees. Salaries

are paid every Monday for the previous five$-$day workweek $($Monday to Friday$).6$ employees receive

a salary of $$580$ each per week, and $3$ employees earn $$740$ each per week. July $31$ is a Wednesday.

$($a$1)$ How much insurance expires per month for the building?

Insurance expires per month $

$($a$3)$ What was the original purchase price of the policy on December $1,2022?$

Original purchase price of the policy $

$($a$4)$ How much should the adjusted balance in the Prepaid Insurance account be at July $31,2024?$

Adjusted balance in the Prepaid Insurance accountUnidentified Unidentified