Cornerstone Exercise 3-18 (Algorithmic) Accrued Expense Adjusting Entries

Manning Manufacturing Inc. had the following items that require adjustment at year end.

1. Salaries of $5,980 that were earned in December are unrecorded and unpaid.
2. Used $2,440 of utilities in December, which are unrecorded and unpaid.
3. Interest of $1,565 on a note payable has not been recorded or paid.

Required:

Prepare the adjusting entries needed at December 31.

Dec. 31
	(Record accrued salaries)
Dec. 31
	(Record accrued utilities)
Dec. 31
	(Record accrued interest)