ACCT251E3-5Sol -...

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EXERCISE 3-5 (10–15 minutes) 1. Depreciation Expense ($250 X 3). ................................ 750 Accumulated Depreciation—Equipment. ............ 750 2. Unearned Rent Revenue ($6,300 X 1/3). ...................... 2,100 Rent Revenue. ........................................................ 2,100 3. Interest Expense. ........................................................... 500 Interest Payable.
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Unformatted text preview: ..................................................... 500 4. Supplies Expense. ......................................................... 2,150 Supplies ($2,800 – $650). ....................................... 2,150 5. Insurance Expense ($300 X 3). ..................................... 900 Prepaid Insurance. ................................................. 900...
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This note was uploaded on 11/04/2009 for the course ACCTG 301 taught by Professor Staff during the Spring '08 term at University of Washington.

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