The bookkeeper for Forseth Company asks you to prepare the following accrual adjusting entries at December 31.
Question:
(a) Interest on notes payable of $300 is accrued.
(b) Service revenue earned but unbilled totals $1,700.
(c) Salaries of $780 earned by employees have not been recorded.
Use these account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable.
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Related Book For 
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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