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Exercise 3-9 Preparing adjusting entries-accrued revenues and expenses LO P1 a. The company provided $2.900 in services to customers that are expected to pay the
Exercise 3-9 Preparing adjusting entries-accrued revenues and expenses LO P1 a. The company provided $2.900 in services to customers that are expected to pay the company sometime in January company's year-end. b. Wage expenses of $1,900 have been incurred but are not paid as of December 31. C. The company has a $5.900 bank loan and has incurred (but not recorded) 8% interest expense of $472 for the year ended December 31. The company will pay the $472 interest in cash on January 2 following the company's year-end d. The company contracted with a firm for lawn services to be provided at a monthly fee of $590 with payment occurring on the 15th of the following month. Payment for December services will occur on January 15 following the company's year-end. e. The company has earned $290 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 f. Salary expenses of $990 have been earned by supervisors but not paid as of December 31. Prepare year-end adjusting journal entries as of December 31, 2017, for each of the above separate cases. View transaction list Journal entry worksheet 3 4 The company provided $2,900 in services to customers that are expected to pay the company sometime in January following the company's year-end
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