Homework Answers
Answer - Adjusting Entries
| Date | Account Title and Explanation | Debit ($) | Credit ($) |
| Sep.1 (a) | Service fees earned | $ 6,000 | |
| Accounts receivable | $ 6,000 | ||
| (To reverse accrued income) | |||
| b | Reversing entry not required | ||
| c | Reversing entry not required | ||
| d | Reversing entry not required | ||
| e | Salaries payable | $ 3,400 | |
| Salaries expense | $ 3,400 | ||
| (To reverse accrued salaries) |
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