Question: Record adjusting Journal entries for each separate case below for year ended December 3 1 . Assume no other odjusting entries are mode during the
Record adjusting Journal entries for each separate case below for year ended December
Assume no other odjusting entries are mode during the yeor.
a Accourts Recelvable. At yearend, the L Cole Company has completed services of $ for a client, but the client has not yet been blled for those sevices.
b Interest Recelvable. At yearend, the company has earned, but not yet recorded, $ of interest earned from its investments in government bonds.
c Accounts Recelvable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $ of work.
Journal entry worksheet
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At yesrend, the L Cole Company has completed services of $ for a elient, but the client has not yet been blled for those services.
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Record odjusting journsi entries for each separate case below for year ended December
Assume no other odjusting entries ore mode during the year
Solories Poysble. At yesrend, salsies expense of $ has been incurred by the company, but is not yet paid to employees.
b Interest Payable. At ts December yez end, the compony owes $ of interest on a loan. That interest will not be paid untl sometime in Janusry of the next yest.
c Interest Payable. At lis December yearend, the company hoids a mortgage payable that has incurred $ in annual interest that is nelther recorded nor paid. The company intends to pay the interest on January of the next year.
Journal entry worksheet
At yearend, salaries expense of $ has been incurred by the company, but is not yet paid to employees.
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