The trial balance for Bramble Corp. on August 31 is as follows: Bramble Corp. Trial Balance August 31, 2017 Debit Credit Cash $6,800 Prepaid insurance 3,700 Supplies 1,900 Land 18,300 Buildings 146,000 Accumulated depreciation—buildings $21,024 Equipment 15,100 Accumulated depreciation—equipment 4,077 Accounts payable 4,700 Unearned rent revenue 4,050 Notes payable 79,500 Common shares 81,500 Retained earnings 4,400 Dividends 5,600 Rent revenue 75,000 Salaries and wages expense 48,196 Insurance expense 12,950 Interest expense 3,975 Utilities expense 8,250 Repairs and maintenance expense 3,480 274,251 274,251 Additional information: 1. The balance in Prepaid Insurance includes the cost of an insurance policy that will expire on September 30, 2017. 2. An inventory count on August 31 shows $660 of supplies on hand. 3. Buildings and equipment are depreciated straight-line. From the date of purchase, the buildings have an estimated useful life of 25 years, and the equipment has an estimated useful life of 10 years. For both asset categories, residual value is estimated to be 10% of cost. 4. Rent revenue includes amounts received for September rentals in the amount of $7,500. Of the unadjusted Unearned Rent Revenue of $4,050, one half was earned prior to August 31. 5. Salaries of $380 were unpaid at August 31. 6. Rental fees of $760 were due from tenants at August 31. 7. The note payable interest rate is 10% per year, and the note has been outstanding since December 1, 2016. No principal repayments are due. Journalize the adjusting entries on August 31 for the three-month period June 1 to August 31:

The trial balance for Bramble Corp. on August 31 is as…

The trial balance for Bramble Corp. on August 31 is as follows: Bramble Corp. Trial Balance...

The trial balance for Bramble Corp. on August 31 is as follows:

Bramble Corp.
Trial Balance
August 31, 2017
	Debit	Credit
Cash	$6,800
Prepaid insurance	3,700
Supplies	1,900
Land	18,300
Buildings	146,000
Accumulated depreciation—buildings		$21,024
Equipment	15,100
Accumulated depreciation—equipment		4,077
Accounts payable		4,700
Unearned rent revenue		4,050
Notes payable		79,500
Common shares		81,500
Retained earnings		4,400
Dividends	5,600
Rent revenue		75,000
Salaries and wages expense	48,196
Insurance expense	12,950
Interest expense	3,975
Utilities expense	8,250
Repairs and maintenance expense	3,480
	274,251	274,251

Additional information:

1.		The balance in Prepaid Insurance includes the cost of an insurance policy that will expire on September 30, 2017.
2.		An inventory count on August 31 shows $660 of supplies on hand.
3.		Buildings and equipment are depreciated straight-line. From the date of purchase, the buildings have an estimated useful life of 25 years, and the equipment has an estimated useful life of 10 years. For both asset categories, residual value is estimated to be 10% of cost.
4.		Rent revenue includes amounts received for September rentals in the amount of $7,500. Of the unadjusted Unearned Rent Revenue of $4,050, one half was earned prior to August 31.
5.		Salaries of $380 were unpaid at August 31.
6.		Rental fees of $760 were due from tenants at August 31.
7.		The note payable interest rate is 10% per year, and the note has been outstanding since December 1, 2016. No principal repayments are due.

Journalize the adjusting entries on August 31 for the three-month period June 1 to August 31:

Business Accounting

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1) No entry required 2) Supplies Expense $1,240 Supplies 1240 3) Depreciation Expense 1314 Accumulated Depreciation 1314 (For Building) Depreciation Expense (For Equipment) 339.75 Accumulated Depreciation 339.75 4) Rent Revenue 7500 Unearned Rent Revenue 7500 5) Unearned Rent Revenue 2025 Rent Revenue 2025 6) Salaries & Wages 380 Salary Payable 380 7) Rent Accrued 760 Rent Revenue 760 8) Interest Expense 1987.5 Interest Payable 1987.5

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