Question: Otner dald. 1 . 2 . 3 . 4 . 5 . 6 . 7 . The balance in prepaid insurance is a one -

Otner dald.
1.
2.
3.
4.
5.
6.
7.
The balance in prepaid insurance is a one-year premium paid on June 1,2020.
An inventory count on August 31 shows $430 of supplies on hand.
Annual depreciation rates are
(a) buildings (4%)
(b) equipment (10%).
Salvage value is estimated to be 10% of cost.
Unearned Rent Revenue of $3,870 was earned prior to August 31.
Salaries of $367 were unpaid at August 31.
Rentals of $759 were due from tenants at August 31.(Use Accounts Receivable account.)
The mortgage interest rate is 8% per year.

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