Question

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 account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts.)

Answer 1

Credit Date Aug. 31 Debit 312 I$ 312 Aug. 31 1,299 General Journal Interest Expense Interest Payable Accounts Receivable Service Revenue Salaries and Wages Expense Salaries and Wages Payable Bad Debt Expense Allowance for Doubtful Accounts 1,299 Aug. 31 708 708 Aug. 31 815 815