a. M&R Company provided $3,900 in services to customers in December, which are not yet recorded....

 

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a. M&R Company provided $3,900 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $2,900 have been incurred but are not paid as of December 31. c. M&R Company has a $6,900 bank loan and has incurred (but not recorded) 8% interest expense of $552 for the year ended December 31. The company will pay the $552 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $690. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $390 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $1,090 have been earned by supervisors but not paid as of December 31. Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. Journal entry worksheet > 1 2 3 4 5 6 M&R Company provided $3,900 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. Note: Enter debits before credits. Transaction a. General Journal Debit Credit View general journal Record entry Clear entry > For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or (-) decrease) for each transaction or event. a. b. C. d. e. f. DC002 Assets = = = = = = Liabilities + + + + Equity a. M&R Company provided $3,900 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $2,900 have been incurred but are not paid as of December 31. c. M&R Company has a $6,900 bank loan and has incurred (but not recorded) 8% interest expense of $552 for the year ended December 31. The company will pay the $552 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $690. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $390 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $1,090 have been earned by supervisors but not paid as of December 31. Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. Journal entry worksheet > 1 2 3 4 5 6 M&R Company provided $3,900 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. Note: Enter debits before credits. Transaction a. General Journal Debit Credit View general journal Record entry Clear entry > For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or (-) decrease) for each transaction or event. a. b. C. d. e. f. DC002 Assets = = = = = = Liabilities + + + + Equity