Brief Exercise 3 09 Prepare the following adjusting entries at August 31 for Walgreens (a) Interest on notes payable of $320 is accrued (b) Services performed but unbilled total $1,413 (c) Salaries and wages earned by employees of $687 have not been recorded (d) Bad debt expense for year is $909 Use the following account titles Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No entry for the account titles and enter 0 for the amounts )

Question

Brief Exercise 3 09 Prepare the following adjusting entries at August 31 for Walgreens   (a) Interest on notes payable of $320 is accrued  (b) Services performed but unbilled total $1,413  (c) Salaries and wages earned by employees of $687 have not been recorded  (d) Bad debt expense for year is $909  Use the following account titles  Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, Salaries and Wages Payable, Allowance for Doubtful Accounts, and Bad Debt Expense  (Credit account titles are automatically indented when amount is entered  Do not indent manually  If no entry is required, select  No entry  for the account titles and enter 0 for the amounts )

Accepted Answer

The Answer is in the image, click to view ...

(a)		Interest on notes payable of $320 is accrued.
(b)		Services performed but unbilled total $1,413.
(c)		Salaries and wages earned by employees of $687 have not been recorded.
(d)		Bad debt expense for year is $909.

Question

Brief Exercise 3-09 Prepare the following adjusting entries at August 31 for Walgreens . (a) Interest on notes payable of $320 is accrued. (b) Services

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Computer Auditing Security And Internal Control Manual

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question