Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining More Info a. The business has interest expense of $ 3 comma 600 that it must pay early in January 2021. b. Interest revenue of $4 comma 800 has been earned but not yet received. c. On July 1, 2020 , when the business collected $12 comma 600 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent. d. Salary expense is $6 comma 400 per daylong dashMonday through Fridaylong dashand the business pays employees each Friday. This year, December 31 falls on a Thursday. e. The unadjusted balance of the Supplies account is $3 comma 500. The total cost of supplies on hand is $ 1 comma 600. f. Equipment was purchased on January 1 of this year at a cost of $160 comma 000. The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment's book value.
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