Brief Exercise 3-7

The bookkeeper for Abduli Company asks you to prepare the following accrued adjusting entries at December 31.

1.		Interest on notes payable of $400 is accrued.
2.		Services performed but not recorded total $2,300.
3.		Salaries earned by employees of $900 have not been recorded.

Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Dec. 31
2.	Dec. 31
3.	Dec. 31

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Brief Exercise 3-9

The adjusted trial balance of Wilder Company at December 31, 2017, includes the following accounts: Owner's Capital $15,600, Owner's Drawings $7,000, Service Revenue $39,000, Salaries and Wages Expense $16,000, Insurance Expense $2,000, Rent Expense $4,000, Supplies Expense $1,500, and Depreciation Expense $1,300. Prepare an income statement for the year.

WILDER COMPANY Income Statement For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017
DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues
		$
DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues
	$
Drawings Expenses Investments Net Income / (Loss) Owners Capital, January 1 Owners Capital, December 31 Revenues Total Expenses Total Revenues
DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues		$