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Exercise 3-5 Preparing adjusting entries-accrued revenues and expenses LO P3, P4 5.66 Joints Skipped a. M&R Company provided $2,600 in services to customers in December.

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Exercise 3-5 Preparing adjusting entries-accrued revenues and expenses LO P3, P4 5.66 Joints Skipped a. M&R Company provided $2,600 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. b. Wage expenses of $1,600 have been incurred but are not paid as of December 31 c. M&R Company has a $5,600 bank loan and has incurred (but not recorded) 7% interest expense of $392 for the year ended d. M&R Company hired a firm that provided iawn services during December for $560M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $260 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. 1. Salary expenses of $960 have been earned by supervisors but not paid as of December 31 Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. cBook References View transaction list Journal entry worksheet 1 2 3 4 5 6

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