The bookkeeper for Abduli Company asks you to prepare the following accrual adjusting entries at December 31. 1. 2. 3. Use these account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Interest on notes payable of $400 should be accrued. Services performed but unbilled totals $2,300. Salaries of $900 earned by employees have not been recorded or paid. 2. 3. Dec. 31 Dec. 31 Dec. 31 Debit 1000 Credit

The bookkeeper for Abduli Company asks you to prepare the following accrual adjusting entries at December 31. 1. 2. 3. Use these account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Interest on notes payable of $400 should be accrued. Services performed but unbilled totals $2,300. Salaries of $900 earned by employees have not been recorded or paid. 2. 3. Dec. 31 Dec. 31 Dec. 31 Debit 1000 Credit

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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