Enter question here... The bookkeeper for Juaquin Company asks you to prepare th

Question

Enter question here...

The bookkeeper for Juaquin Company asks you to prepare the following accrued adjusting entries at December 31.

1. Interest on notes payable of $369.1 is accrued.
2. Services provided but not recorded total $1,675.
3. Salaries earned by employees of $960 have not been recorded.

Dec. 31

Dec. 31

Date Account/Description Debit Credit 1. Dec. 31 Interest ExpenseInterest PayableAccounts ReceivableService RevenueSalaries PayableSalaries Expense Interest PayableInterest ExpenseAccounts ReceivableService RevenueSalaries PayableSalaries Expense 2.

Dec. 31

Accounts ReceivableService RevenueInterest ExpenseInterest PayableSalaries PayableSalaries Expense Service RevenueAccounts ReceivableInterest ExpenseInterest PayableSalaries PayableSalaries Expense 3.

Dec. 31

Salaries ExpenseSalaries PayableService RevenueAccounts ReceivableInterest ExpenseInterest Payable Salaries PayableSalaries ExpenseService RevenueAccounts ReceivableInterest ExpenseInterest Payable

Explanation / Answer

Dec 31 Interest Expense Dr $369.1 To Interest Payable $369.1 Dec 31 Accounts Receivable Dr $1675 To Service Revenue $1675 Dec 31 Salaries Expense Dr $960 To Salaries Payable $960 Sl.No Debit($) Credit($) 1) 369.10 369.10 2) 1675.00 1675.00 3) 960.00 960.00

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