During the month of September, McCall Inc provides janitorial services with a value of $800 to Bishop Co. As of September 30, McCall has not invoiced Bishop for the services and Bishop has not paid for the services. Both companies use the accrual method of accounting.

What is the Adjusting Journal Entry that McCall Inc. records on September 30 to accrue for the services provided?

What is the Adjusting Journal Entry that Bishop Co, records on September 30 to accrued for the services received?

 

On October 10, McCall sends an invoice to Bishop. 

What is the journal entry McCall records on October 10?

 

What is the journal entry Bishop records when they receive the invoice?

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Answer rating: 100% (QA)

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