Business, 15.01.2020 21:31 jordandabrat

The balance in prepaid insurance is a one-year premium paid on june 1, 2017. 2. an inventory count on august 31 shows $447 of supplies on hand. 3. annual depreciation rates are (a) buildings (4%) (b) equipment (10%). salvage value is estimated to be 10% of cost. 4. unearned rent revenue of $3,829 was earned prior to august 31. 5. salaries of $382 were unpaid at august 31. 6. rentals of $789 were due from tenants at august 31. (use accounts receivable account.) 7. the mortgage interest rate is 8% per year.

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The balance in prepaid insurance is a one-year premium paid on june 1, 2017. 2. an inventory count o...