Question

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 is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation 1 Dec. 31 2 Dec. 31 3. Dec. 31 I

Answer 1

No. Date Account Titles and Explanation Debit Crecht Dec 31 Interest Expense 1. 500 Interest Payable soo 2. Dec Accounts Receuxble 2000 3) Service Revenue 2ous 3. Dec Salaries and wages Expense 540 31 Salaries and wages bayable 540