All of the current year's entries for zimmerman company have been made, except the following adjusting entries. the company's annual accounting year ends on december 31. on september 1 of the current year, zimmerman collected six months' rent of $9,600 on storage space. at that date, zimmerman debited cash and credited unearned rent revenue for $9,600. on october 1 of the current year, the company borrowed $18,000 from a local bank and signed a one-year, 12 percent note for that amount. the principal and interest are payable on the maturity date. depreciation of $3,500 must be recognized on a service truck purchased in july of the current year at a cost of $22,000.

prepaid rent 6,400 debit

      rent revenue     6,400 credit

--to record accrued rent revenue--

interest expense      540 debit

      interest payable                540 credit

--to record accrued interest on the note--

depreciation expense 3,500 debit

  accumulated depreciation-truck     3,500 credit

--to record the depreciation on company's truck--

Explanation:

earned rent:

9,600 for six months: 9,600 / 6 = 1,600 dollars per month

months from September 1st to December 31th: 4 months

earned rent revenue: 1,600 x 4 = 6,400 dollars

interest acrued on the note:

principal x rate x time

18,000 x 0.12 x 3/12 = 540

we ddebit the expense and credit the payable

depreciation:

for the amount stated we debit the expense and credit the accumulated depreciation

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.

hi i’m a student too and i’ve had this app downalodes for a few weeks people do answer it you just gotta be patient and what is your question + subject i’ll you?