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On December 31, the adjusted trial balance of Bridgeport Employment Agency shows the following selected data. Accounts Receivable $25,000 Service Revenue $92,900 Interest Expense 7,900 Interest Payable 1,800

On December 31, the adjusted trial balance of Bridgeport Employment Agency shows the following selected data. Accounts Receivable $25,000 Service Revenue $92,900 Interest Expense 7,900 Interest Payable 1,800

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Post the entries in (a) and (b), and balance the accounts. (Post the entries in the order presented in both the previous part.) Accounts Receivable New Year Service Revenue New Year Interest Payable New Year Interest Payable New Year Interest Expense New Year
Transcribed Image Text:Post the entries in (a) and (b), and balance the accounts. (Post the entries in the order presented in both the previous part.) Accounts Receivable New Year Service Revenue New Year Interest Payable New Year Interest Payable New Year Interest Expense New Year
On December 31, the adjusted trial balance of Bridgeport Employment Agency shows the following selected data. Accounts Receivable $25,000 Service Revenue $92,900 Interest Expense 7,900 Interest Payable 1,800 Analysis shows that adjusting entries were made to (1) accrue $6,200 of service revenue and (2) accrue $1,800 interest expense.
Transcribed Image Text:On December 31, the adjusted trial balance of Bridgeport Employment Agency shows the following selected data. Accounts Receivable $25,000 Service Revenue $92,900 Interest Expense 7,900 Interest Payable 1,800 Analysis shows that adjusting entries were made to (1) accrue $6,200 of service revenue and (2) accrue $1,800 interest expense.
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