Answer:
ACCOUNT
interest expense 144 debit
interest payable 144 credit
rent expense 1200 debit
prepaid expense 1200 credit
unearned revenue 4600 debit
rent revenue 4600 credit
depreciation expense 3700 debit
acc dep machine 3700 credit
salaries expense 3200 debit
salaries payable 3200 credit
supplies expense 2600 debit
supplies 2600 credit
Explanation:
Interest is calculate doing:
principal x rate x time
7,200 x 0.08 x 3/12 = 144
rent
1,800 for 3 months there is 2 expired 1,800 x 2/3 = 1,200
earned revenue on rent
11,040 x 5 monhts / 12 = 4,600
supplies:
beginning + purchase - ending = consumed supplies
600 + 3,700 - 1,700 = 2,600
