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The bookkeeper for Oglesby Company asks you to prepare the following accrued adjusting entries at December 31.

1. Interest on notes payable of $400 is accrued.

2. Services provided but not recorded total $1,500.

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. 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91895304
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