Breif Exercise 3-7
The bookkeeper for Oglesby Company asks you to prepare the
following accrued adjusting entries at December 31.
1. Interest on notes payable of $400 is accrued.
2. Services provided but not recorded total $1,500.
3. Salaries earned by employees of $900 have not been
recorded.
Use the following account titles: Service Revenue, Accounts
Receivable, Interest Expense, Interest Payable, Salaries Expense, and Salaries
Payable.
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