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Current Attempt in Progress The bookkeeper for Ivanhoe Company asks you to record the following accrual adjustments at December 31 in the tabular summary
Current Attempt in Progress The bookkeeper for Ivanhoe Company asks you to record the following accrual adjustments at December 31 in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (a) Interest on notes payable of $282 is accrued. (b) Services performed but unbilled total $1,598. * (c) Salaries of $736 earned by employees have not been recorded. Assets Liabilities Adjustment Accounts Receivable = Interest Payable + Sal./Wages Payable (a) + Com. Stock
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