The bookkeeper for Blossom Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $560 is accrued. 2. Services performed but not recorded total $2.240. 3. Salaries earned by employees of $710 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit 1 Dec. 31 2 Dec. 31 3. Dec. 31
The bookkeeper for Blossom Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $560 is accrued. 2. Services performed but not recorded total $2.240. 3. Salaries earned by employees of $710 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit 1 Dec. 31 2 Dec. 31 3. Dec. 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:**Accrued Adjusting Entries for Blossom Company**
The bookkeeper for Blossom Company asks you to prepare the following accrued adjusting entries as of December 31:
1. **Interest on Notes Payable**
- Amount: $560
- Description: The interest on notes payable is accrued.
2. **Services Performed but Not Recorded**
- Amount: $2,240
- Description: Services have been performed, but not yet recorded.
3. **Salaries Earned but Not Recorded**
- Amount: $710
- Description: Salaries earned by employees have not been recorded.
**Account Titles Available for Use:**
- Service Revenue
- Accounts Receivable
- Interest Expense
- Interest Payable
- Salaries and Wages Expense
- Salaries and Wages Payable
*Note: Credit account titles are automatically indented when the amount is entered. Do not indent manually.*
### Adjusting Entries Table
| No. | Date | Account Titles and Explanation | Debit | Credit |
|-----|---------|--------------------------------|-------|--------|
| 1. | Dec. 31 | | | |
| 2. | Dec. 31 | | | |
| 3. | Dec. 31 | | | |
This table provides spaces to input the appropriate account titles and amounts for debits and credits to reflect the adjustments required for the above transactions.
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