Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the year. a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $24,500 for a client, but the client has not yet been billed for those services. b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $610 of interest earned from its investments in government bonds. c. Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,740 of work.
Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the year. a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $24,500 for a client, but the client has not yet been billed for those services. b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $610 of interest earned from its investments in government bonds. c. Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,740 of work.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Do a b and c
Transcribed Image Text:Record adjusting journal entries for each separate case
below for year ended December 31.
Assume no other adjusting entries are made during the
уear.
a. Accounts Receivable. At year-end, the L. Cole Company
has completed services of $24,500 for a client, but the
client has not yet been billed for those services.
b. Interest Receivable. At year-end, the company has
earned, but not yet recorded, $610 of interest earned
from its investments in government bonds.
c. Accounts Receivable. A painting company bills
customers when jobs are complete. The work for one
job is now complete. The customer has not yet been
billed for the $1,740 of work.
View transaction list
Journal entry worksheet
1
2
3
At year-end, the L. Cole Company has completed services of $24,500 for a
client, but the client has not yet been billed for those services.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
a.
Record entry
Clear entry
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