Question: BE2.9 (LO 2, 3) Prepare the following adjusting entries at August 31 for Nokia (FIN). a. Interest on notes payable of 300 is accrued. b.
BE2.9 (LO 2, 3) Prepare the following adjusting entries at August 31 for Nokia (FIN).
a. Interest on notes payable of €300 is accrued.
b. Unbilled fees for services performed total €1,400.
c. Salaries and wages earned by employees of €700 have not been recorded.
d. Bad debt expense for the year is €900.
Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense.
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