The bookkeeper for Crane Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $ 520 is accrued. 2. Services performed but not recorded total $ 2,040. 3. Salaries earned by employees of $ 810 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Was Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not ind manually.) No. Date Account Titles and Explanation Debit Credit
The bookkeeper for Crane Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $ 520 is accrued. 2. Services performed but not recorded total $ 2,040. 3. Salaries earned by employees of $ 810 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Was Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not ind manually.) No. Date Account Titles and Explanation Debit Credit
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 3EB: For each of the following accounts, identify whether it would be closed at year-end (yes or no) and...
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