The bookkeeper for DeVoe Ltd asks you to prepare the following accrued adjusting entries at 30 June:
Question:
The bookkeeper for DeVoe Ltd asks you to prepare the following accrued adjusting entries at 30 June:
(a) Interest on loan of $200 is accrued.
(b) Services performed but not yet invoiced total $700.
(c) Salaries of $700 earned by employees have not been recorded.
Use these account names: Service Revenue, Service Revenue Receivable, Interest Expense, Interest Payable, Salaries Expense, and Salaries Payable.
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Related Book For 
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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