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QS $3-15($Algo$)$ Accrued revenues adjustments LO P$4$

Record adjusting journal entries for each separate case below for year ended December $31.$

Assume no other adjusting entries are made during the year.

Book

a$.$ Accounts Receivable. At year$-$end, the L$.$ Cole Company has completed services of $$26,000$ for a client, but the client has not

Hint

yet been billed for those services.

b$.$ Interest Receivable. At year$-$end, the company has earned, but not yet recorded, $$670$ of interest earned from its investments in

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government bonds.

rences

c$.$ Accounts Receivable. 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 $$1,860$ of work.

Journal entry worksheet

$1$

$2$

$3$

At year$-$end, the L$.$ Cole Company has completed services of $$26,000$ for a client, but the client has not yet been billed for those services.

Note: Enter debits before credits.

Transaction

General Journal

Debit

Credit

Prev.

$1$ of $5$

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