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FOA Problem 8

The document lists various expenses including interest, salaries, supplies, prepaid insurance, and depreciation expenses for buildings and equipment along with corresponding payable and revenue accounts.

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MarkRamah Milambiling
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65 views2 pages

FOA Problem 8

The document lists various expenses including interest, salaries, supplies, prepaid insurance, and depreciation expenses for buildings and equipment along with corresponding payable and revenue accounts.

Uploaded by

MarkRamah Milambiling
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

a.

Interest Expense 120,000


Interest Payable 120,000

b. Salaries Expense 192,000


Salaries Payable 192,000

c.

d. Supplies Expense 41,950


Expense 41,950

e. Prepaid Expense 31,670


Prepaid Insurance 31,670

f. Depreciation Expense- Building 73,000


Accumulated Depreciation 73,000

f. Depreciation Expense- Equipment 218,000


Accumulated Depreciation 218,000

g.

h. Accounts Receivable 35,000


Service Revenue 35,000
Supplies
16,150
37,660
41,950

11,860

Prepaid Insurance
15,300

Depreciation Expense- Building

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