Service Revenue, Accounts Receivable, Interest Expense
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The bookkeeper for Wooster Company asks you to prepare the following accrued adjusting entries at December 31.
1. Interest on notes payable of $400 is accrued.
2. Services provided but not recorded total $1,250.
3. Salaries earned by employees of $900 have not been recorded.
Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries Expense, and Salaries Payable.
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This provides Service Revenue, Accounts Receivable, Interest Expense and Interest Payable
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1. Interest Expense A/c Dr. 400
To Accrued Interest A/c 400
(Being Interest on ...
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