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.
1. Interest Expense A/c Dr. 400
To Accrued Interest A/c 400
(Being Interest on ...
This provides Service Revenue, Accounts Receivable, Interest Expense and Interest Payable