Prepare the following adjusting entries at August 31 for Nokia (FIN). a. Interest on notes payable of € 327 is accrued. b. Unbilled fees for services performed total e 1,449. Salaries and wages earned by employees of € 657 have not been recorded. d. Bad debt expense for year is € 923. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" fort amounts.) the account titles and enter O for the No. Account Titles and Explanation Debit Credit a.
Prepare the following adjusting entries at August 31 for Nokia (FIN). a. Interest on notes payable of € 327 is accrued. b. Unbilled fees for services performed total e 1,449. Salaries and wages earned by employees of € 657 have not been recorded. d. Bad debt expense for year is € 923. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" fort amounts.) the account titles and enter O for the No. Account Titles and Explanation Debit Credit a.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Prepare the following adjusting entries at August 31 for Nokia (FIN).
Interest on notes payable of € 327 is accrued.
a.
b.
Unbilled fees for services performed total € 1,449.
Salaries and wages earned by employees of € 657 have not been recorded.
d.
Bad debt expense for year is € 923.
Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages
Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the
amounts.)
No. Account Titles and Explanation
Debit
Credit
a.
b.
C.
d.
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