Problem P3-46 Preparing adjusting entries and preparing an adjusted trial balance This problem continucs the Canyon Canoe Company situation from Chapter 2. You will neced to use the unadjusted trial balance and posted T-accounts that you prepared in Chapter 2 At December 31, the business gathers the following information for the adjusting entrics a. Office supplies on hand, $165 b. Rent of one month has been used. (Hint Sce Dec. 1 transaction from Chapter2) c. Determine the depreciation on the building using straight-line depreciation Assume the useful life of the building is five years and the residual value is $5,000 (Hint: The building was purchased on December 1.) d. $400 of unearned revenue has now been earned e. The employce who has been working the rental booth has earned $1,250 in wages f. Canyon Canoes has earned $1,850 of canoe rental revenue that has not been g. Determine the depreciation on the canoes purchased on November 3 usinig h. Determine the depreciation on the canoes purchased on December 2 usns that will be paid January 15, 2019 recorded or received straight-line depreciation. Assume the useful life of the canoes is 4 years and the residual value is $C straight-line depreciation. Assume the useful life of the canoes is 4 years an d the residual value is $O i. Interest expense accrued on the notes payable, s50 Problem P3-46 Preparing adjusting entries and preparing an adjusted trial balance This problem continucs the Canyon Canoe Company situation from Chapter 2. You will neced to use the unadjusted trial balance and posted T-accounts that you prepared in Chapter 2 At December 31, the business gathers the following information for the adjusting entrics a. Office supplies on hand, $165 b. Rent of one month has been used. (Hint Sce Dec. 1 transaction from Chapter2) c. Determine the depreciation on the building using straight-line depreciation Assume the useful life of the building is five years and the residual value is $5,000 (Hint: The building was purchased on December 1.) d. $400 of unearned revenue has now been earned e. The employce who has been working the rental booth has earned $1,250 in wages f. Canyon Canoes has earned $1,850 of canoe rental revenue that has not been g. Determine the depreciation on the canoes purchased on November 3 usinig h. Determine the depreciation on the canoes purchased on December 2 usns that will be paid January 15, 2019 recorded or received straight-line depreciation. Assume the useful life of the canoes is 4 years and the residual value is $C straight-line depreciation. Assume the useful life of the canoes is 4 years an d the residual value is $O i. Interest expense accrued on the notes payable, s50