Question: The bookkeeper for Kwan Enterprises asks you to prepare the adjusting entries for the following items at December 31. 1. Interest on note payable of
The bookkeeper for Kwan Enterprises asks you to prepare the adjusting entries for the following items at December 31.
1. Interest on note payable of $400 is accrued.
2. Services performed but not recorded total $2,300.
3. Salaries earned by employees of $900 have not been recorded.
Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries Expense, and Salaries Payable.
1. Interest on note payable of $400 is accrued.
2. Services performed but not recorded total $2,300.
3. Salaries earned by employees of $900 have not been recorded.
Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries Expense, and Salaries Payable.
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