Question: Cornerstone Exercise 3-17 (Algorithmic) Accrued Revenue Adjusting Entries Powers Rental Service had the following items that require adjustment at year end. a. Earned $10,050 of

Cornerstone Exercise 3-17 (Algorithmic) Accrued Revenue Adjusting Entries Powers Rental Service had the following items that require adjustment at year end. a. Earned

$10,050 of revenue from the rental of equipment for which the customer

had not yet paid. b. Interest of $550 on a note receivable

Cornerstone Exercise 3-17 (Algorithmic) Accrued Revenue Adjusting Entries Powers Rental Service had the following items that require adjustment at year end. a. Earned $10,050 of revenue from the rental of equipment for which the customer had not yet paid. b. Interest of $550 on a note receivable has been earned but not yet received. Required: Prepare the adjusting entries needed at December 31, Dec. 31 . (Record revenue earned but not yet received)

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