queenriahz4376 queenriahz4376

13-10-2020
Business

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The bookkeeper for Ivanhoe Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
a. Interest on notes payable of $270 is accrued.
b. Services performed but unbilled totals $1,930.
c. Salaries of $700 earned by employees have not been recorded.

Respuesta :

Tundexi Tundexi

14-10-2020

Answer:

Date Account titles and explanation Debit Credit

(a) Dec. 31 Interest Expense $270

Interest Payable $270

(b) Dec. 31 Accounts Receivable $1,930

Service Revenue $1,930

(c) Dec. 31 Salaries Expense $700

Salaries Payable $700

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