The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31
Brief Exercise 4-8
The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31
(a) Interest on notes payable of $ 250 is accrued.
(b) Services performed but unbilled totals $ 1,950.
(c) Salaries of $ 900 earned by employees have not been recorded.
Homework Answers
| Date | Account Titles and Explanation | Debit | Credit | |
| a | Dec 31 | Interest expense | 250 | |
| Interest payable | 250 | |||
| b | Dec 31 | Accounts Receivable | 1950 | |
| Service Revenue | 1950 | |||
| c | Dec 31 | Salaries and wages expense | 900 | |
| Salaries and wages payable | 900 |
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The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31
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