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1.
Unrecorded interest accrued on savings bonds is $216.
2.
Property taxes incurred but not paid or recorded amount to
$972.
3.
Salaries incurred by year end but not yet paid or recorded
amounted to $648.
Prepare adjusting entries for the above transactions.
(Credit account titles are automatically indented when
the amount is entered. Do not indent manually. If no entry is
required, select "No entry" for the account titles and enter 0 for
the amounts.)
No.
Account Titles and...
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1. Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when Unrecorded interest accrued on savings bonds is $488. Property taxes incurred but not paid or recorded amount to $976. 3. Unearned service revenue of $4,880 was collected in advance. By year end $854 was still unearned. Prepaid insurance had a $915 debit balance prior to adjustment. By year end, 60 percent was still unexpired. 5. Salaries incurred by year end but not yet paid or...
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Exercise 23 Prepare adjusting entries for the following transactions. Credit account ties are automatically indented when the amount is entered. Do not indent manually. If na entry is required, selecta amount) entry for the account titles and enter a forche 1. Unrecorded interest accrued on savings bonds is 5360 Property taxes incurred but not paid or recorded amount to $704 Unearned service revenue of $3,520 was collected in advance. By year and $516 was still unearned. Prepaid insurance had a...
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Brief Exercise 3-09 Prepare the following adjusting entries at August 31 for Walgreens. (a) Interest on notes payable of $312 is accrued. (b) Services performed but unbilled total $1,299. (c) Salaries and wages earned by employees of $708 have not been recorded. (d) Bad debt expense for year is $815 Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense. (Credit...
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Brief Exercise 3-07 The bookkeeper for Crane Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $570 is accrued. 2. Services performed but not recorded total $2,260. 3. Salaries earned by employees of $800 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. account titles are automatically indented when the amount is entered....
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CRAE Practice Brief Exercise 02 The bookkeeper for Larkspur, Inc. asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $400 is accrued. 2. Services performed but not recorded total $2,000. 3. Salaries earned by employees of $570 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the...
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1. 2. On December 31, adjusting information for Sheffield Corp. is as follows: Estimated depreciation on equipment is $3,960. Property taxes amounting to $2,620 have been incurred but are unrecorded and unpaid. Employee wages that have been earned by employees but are unpaid and unrecorded amount to $3,820. 4. The Service Revenue account includes amounts that have been paid by customers for services that have not yet been completed. The amount has been determined to be $5,010. Interest of $120...
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The bookkeeper for Sheridan Company asks you to prepare the following accrued adjusting entries at December 31. Interest on notes payable of $570 is accrued. 2. Services performed but not recorded total $2,140. Salaries earned by employees of $850 have not been recorded. 1. 3. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not...
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The bookkeeper for Bramble Corp. asks you to prepare the following accrued adjusting entries at December 31. Interest on notes payable of $500 is accrued. Services performed but not recorded total $2,100. Salaries earned by employees of $770 have not been recorded. 1. 2 3. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not...
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Current Attempt in Progress The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31. 1. 2. 3. Interest on notes payable of $500 is accrued. Services performed but not recorded total $2,000, Salaries earned by employees of $540 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount...
1.
Unrecorded interest accrued on savings bonds is $216.
2.
Property taxes incurred but not paid or recorded amount to
$972.
3.
Salaries incurred by year end but not yet paid or recorded
amounted to $648.
Prepare adjusting entries for the above transactions.
(Credit account titles are automatically indented when
the amount is entered. Do not indent manually. If no entry is
required, select "No entry" for the account titles and enter 0 for
the amounts.)
No.
Account Titles and...
1. Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when Unrecorded interest accrued on savings bonds is $488. Property taxes incurred but not paid or recorded amount to $976. 3. Unearned service revenue of $4,880 was collected in advance. By year end $854 was still unearned. Prepaid insurance had a $915 debit balance prior to adjustment. By year end, 60 percent was still unexpired. 5. Salaries incurred by year end but not yet paid or...
Exercise 23 Prepare adjusting entries for the following transactions. Credit account ties are automatically indented when the amount is entered. Do not indent manually. If na entry is required, selecta amount) entry for the account titles and enter a forche 1. Unrecorded interest accrued on savings bonds is 5360 Property taxes incurred but not paid or recorded amount to $704 Unearned service revenue of $3,520 was collected in advance. By year and $516 was still unearned. Prepaid insurance had a...
Brief Exercise 3-09 Prepare the following adjusting entries at August 31 for Walgreens. (a) Interest on notes payable of $312 is accrued. (b) Services performed but unbilled total $1,299. (c) Salaries and wages earned by employees of $708 have not been recorded. (d) Bad debt expense for year is $815 Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense. (Credit...
Brief Exercise 3-07 The bookkeeper for Crane Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $570 is accrued. 2. Services performed but not recorded total $2,260. 3. Salaries earned by employees of $800 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. account titles are automatically indented when the amount is entered....
CRAE Practice Brief Exercise 02 The bookkeeper for Larkspur, Inc. asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $400 is accrued. 2. Services performed but not recorded total $2,000. 3. Salaries earned by employees of $570 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the...
1. 2. On December 31, adjusting information for Sheffield Corp. is as follows: Estimated depreciation on equipment is $3,960. Property taxes amounting to $2,620 have been incurred but are unrecorded and unpaid. Employee wages that have been earned by employees but are unpaid and unrecorded amount to $3,820. 4. The Service Revenue account includes amounts that have been paid by customers for services that have not yet been completed. The amount has been determined to be $5,010. Interest of $120...
The bookkeeper for Sheridan Company asks you to prepare the following accrued adjusting entries at December 31. Interest on notes payable of $570 is accrued. 2. Services performed but not recorded total $2,140. Salaries earned by employees of $850 have not been recorded. 1. 3. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not...
The bookkeeper for Bramble Corp. asks you to prepare the following accrued adjusting entries at December 31. Interest on notes payable of $500 is accrued. Services performed but not recorded total $2,100. Salaries earned by employees of $770 have not been recorded. 1. 2 3. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not...
Current Attempt in Progress The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31. 1. 2. 3. Interest on notes payable of $500 is accrued. Services performed but not recorded total $2,000, Salaries earned by employees of $540 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount...