fill in charts n Assignment CALCULATOR HESSAG The ledg er of

fill in charts

n Assignment CALCULATOR HESSAG The ledg er of Concord Corporation on July 31, 2019, includes the selected accounts below before ad justing entries have been prepared. Debit Credit 13-5 Notes Payable Supplies Prepaid Rent $24,000 $23,000 3,400 260,000 3 24 Buildings Accumulated Depreciation-Buildings Unearned Service Revenue $130,000 10,600 lts by tiee An analysis of the company\'s accounts shows the following, 1. The notes payable pays interest at a rate of 6% per year Supplies on hand at the end of the month totaled $15,000. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $3,100 related to unpaid salaries and wages. Depreciation on buildings is $6,240 per year 2. 3. 4. 5. the company satisfied obligations worth $4,850 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2,000. prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (I no entry is required, select \"No Entry\" for the account titles and enter o for the amounts. Credit acco amount is entered. Do not indent manually,) No. Date Account Titles and Explanation L. July 31 Debit

Solution

Journal Entries No. Date Accounts title and explanations Debit Credit 1 31-Jul Interest expense Account Dr. 120      Interest payable 120 2 31-Jul Supplies expense Account Dr. 8000       Supplies Account 8000 3 31-Jul Rent expense Account Dr. 850       Prepaid rent Account 850 4 31-Jul Salaries and wages expense Account Dr. 3100       Salaries and wages payable Account 3100 5 31-Jul Depreciation expense Account Dr. 520       Accumulated depreciation-Building 520 6 31-Jul Unearned Service revenue Account Dr. 4850     Service revenue Account 4850 7 31-Jul Maintenance and Repairs expense Account Dr. 2000        Maintenance And repairs payable 2000