Question: choose the options given on the last question to answer all the above (options are the same for every question) ABC Company uses the approach




choose the options given on the last question to answer all the above (options are the same for every question)
ABC Company uses the approach that records prepaid expenses as expenses and records unearned revenues as revenues. ABC Companny prepares annual financial statements. Select the correct journal entry or adjusting journal entry for each scenario given. Interest of $90had accrued on the bank loan as at May 31, 2020. It is to be paid on June 15 , At ABC Company's year end, May 31, 2020, the company determined that $1,500 of the services that the customer had paid for on April 30, 2020 had not been The May 2020 phone bill for $50 was unpaid and unrecorded at May 31, 2020. It will be paid on June 1, 2020
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