Debit Credit Prepaid Insurance $7,200 Supplies 2,800 Equipment 31,250 Accumulated Depreciation-Equipment $8,755 Notes Payable Unearned Rent...

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Debit Credit Prepaid Insurance $7,200 Supplies 2,800 Equipment 31,250 Accumulated Depreciation-Equipment $8,755 Notes Payable Unearned Rent Revenue 20,000 10,800 Rent Revenue Interest Expense Salaries and Wages Expense 60,000 0 17.000 An analysis of the accounts shows the following. 1. The equipment depreciates $515 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $500 should be accrued on the notes payable. 4 Supplies on hand total $750. 5. Insurance expires at the rate of $600 per month. Search Debit Credit Prepaid Insurance $7,200 Supplies 2,800 Equipment 31,250 Accumulated Depreciation-Equipment $8,755 Notes Payable Unearned Rent Revenue 20,000 10,800 Rent Revenue Interest Expense Salaries and Wages Expense 60,000 0 17.000 An analysis of the accounts shows the following. 1. The equipment depreciates $515 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $500 should be accrued on the notes payable. 4 Supplies on hand total $750. 5. Insurance expires at the rate of $600 per month. Search