Prepare the following adjusting entries at December 31 for DeGads Co (a) Interest on notes payable of $400 is accrued (b) Fees earned but unbilled total $1,400 (c) Salaries earned by employees of $700 have not been recorded (d) Bad debt expense for year is $900 Use the following account titles Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries Expense, Salaries Payable, Allowance for Doubtful Accounts, and Bad Debt Expense

Question: Prepare the following adjusting entries at December 31 for DeGads Co. (a) Interest on notes payable of $400 is accrued. (b) Fees earned but unbilled

Prepare the following adjusting entries at December 31 for DeGads Co.

(a) Interest on notes payable of $400 is accrued.

(b) Fees earned but unbilled total $1,400.

(d) Bad debt expense for year is $900.

Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries Expense, Salaries Payable, Allowance for Doubtful Accounts, and Bad Debt Expense.

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