Question

CALCULATOR FULL SCREEN Brief Exercise 4-10 The bookkeeper for Tran Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is required, select "No Entry" for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) a. b. Interest on notes payable of $300 is accrued. Services performed but unbilled totals $1,700. Salaries of $780 earned by employees have not been recorded Debit Credit No. Date Account Tities and Explanation a. Dec. 31 b. Dec 31 Dec 31 Study Click if you would like to show Work for this question: Open Show Work Sohn Wiley & Sons, Inc. All Rights Reserved. A Division of an Sons Inc

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Answer 1

Date	Account title and Explanation	Debit	Credit
Dec, 31	Interest expense	$300
	Interest on note payable		$300
	(Entry to record accrued interest expense)
Dec, 31	Accounts Receivable	$1700
	Service Revenue		$1700
	(Entry to record service revenue earned)
Dec, 31	Salaries expense	$780
	Salaries Payable		$780
	(Entry to record accrued salaries)