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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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32 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
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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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