Question

The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) Interest on notes payable of $410 is accrued. (b) Services performed but unbilled totals $1,790. (c) Salaries of $750 earned by employees have not been recorded.

Answer 1

The adjusting entries are given below

Step-by-step explanation:

Adjusting Entries

Dec 31 (Accrued Interest) Debit Credit

Interest expense $410

Interest payable $410

Dec 31 (Service Revenue) Debit Credit

Account receivable $1,790

Service revenue $1,790

Dec 31 (Salary expense) Debit Credit

Salary expense $750

Salary payable $750