Question

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 indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2. Dec. 31 3. Dec. 31

Answer 1

No.	Date	Accounting titles and Explanations	Debit	Credit
1	December 31	Interest expense	$ 570
		Interest payable		$ 570
		( To record the Interest expense)
2	December 31	Accounts receivable	$ 2,140
		Service revenue		$ 2,140
		( To record the Service Provided)
3	December 31	Salaries and wages expense	$ 850
		Salaries and wages payable		$ 850
		( To record salaries and wages expense)