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    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.

    © BrainMass Inc. brainmass.com June 3, 2020, 7:11 pm ad1c9bdddf
    https://brainmass.com/business/business-math/service-revenue-accounts-receivable-interest-expense-89145

    Solution Preview

    1. Interest Expense A/c Dr. 400
    To Accrued Interest A/c 400

    (Being Interest on ...

    Solution Summary

    This provides Service Revenue, Accounts Receivable, Interest Expense and Interest Payable

    $2.19

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