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7. Prepare year-end adjustment entries in the general journal for the following situations. Omit explanations. a. Accrued interest on notes receivable is $560. b. Of
7. Prepare year-end adjustment entries in the general journal for the following situations. Omit explanations. a. Accrued interest on notes receivable is $560. b. Of the $7,200 received in advance for services to be performed, one-third was still unearned by year end. c. Two years of rent, totaling $24,000, was paid in advance. By year end, four months' worth had expired. d. Services totaling $685 had been performed, but not yet billed. e. Depreciation on trucks totaled $1,700 for the year. f. Payroll for the five-day work week, to be paid on Friday, is $6,000. The yearend falls on a Monday
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