The bookkeeper for DeVoe Ltd asks you to prepare the following accrued adjusting entries at 30 June:

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The bookkeeper for DeVoe Ltd asks you to prepare the following accrued adjusting entries at 30 June:

(a) Interest on loan of $200 is accrued.

(b) Services performed but not yet invoiced total $700.

(c) Salaries of $700 earned by employees have not been recorded.

Use these account names: Service Revenue, Service Revenue Receivable, Interest Expense, Interest Payable, Salaries Expense, and Salaries Payable.

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Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

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