Month-end adjusting entries: Of the remaining accounts receivable, the company estimates that 10% will not be collected. Accrued interest revenue on notes receivable for January. Accrued interest expense on notes payable for January. Accrued income taxes at the end of January for $5,000. Depreciation on the building, $2,000. Please Fill out the following journal entrys: 1. Of the remaining accounts receivable, the company estimates that 10% will not be collected. Record the adjusting entry for bad debts 2. Record the closing entry for temporary credit accounts 3. Record the closing entry for temporary debit accounts

Question

Month-end adjusting entries:

  1. Of the remaining accounts receivable, the company estimates that 10% will not be collected.
  2. Accrued interest revenue on notes receivable for January.
  3. Accrued interest expense on notes payable for January.
  4. Accrued income taxes at the end of January for $5,000.
  5. Depreciation on the building, $2,000.

Please Fill out the following journal entrys:

1. Of the remaining accounts receivable, the company estimates that 10% will not be collected. Record the adjusting entry for bad debts

2. Record the closing entry for temporary credit accounts

3. Record the closing entry for temporary debit accounts

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Journal and Ledger Balance

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