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Unformatted text preview: 4. Depreciation on machinery is $5,200 for the year. 5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $8,900 . 6. Microchip began the year with $1,800 in its asset account, supplies. During the year, $6,800 in supplies were purchased and debited to supplies. At year-end, supplies costing $3,288 remain on hand. Round answers to nearest whole number. 1. Interest Receivable 1,650 Interest Revenue 1,650 2. Rent Expense 3,800 Prepaid Rent 3,800 3. Rent Revenue 7,292 Unearned Rent Revenue 7,292 4. Depreciation Expense 5200 Accumulated Depreciation 5200 5. Salaries Expense 8900 Salaries Payable 8900 6. Supplies Expense 5,312 Supplies 5,312...
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- Spring '10
- Depreciation, Prepaid rent, Generally Accepted Accounting Principles, Rent, Microchip Company