Question
On December 31, the adjusted trial balance of Marigold Employment Agency shows the following selected data. Accounts Receivable$23,300 Service Revenue$93,200 Interest Expense 7,900 Interest Payable
On December 31, the adjusted trial balance of Marigold Employment Agency shows the following selected data.
Accounts Receivable$23,300 Service Revenue$93,200 Interest Expense 7,900 Interest Payable 2,900
Analysis shows that adjusting entries were made to (1) accrue $6,500of service revenue and (2) accrue $2,900interest expense.
Prepare the closing entries for the temporary accounts shown above at December 31.
Prepare the reversing entries on January 1
Post the entries in (a) and (b).Post the entries in the order presented in both the previous part.)
Prepare the entries to record (1) the collection of the accrued revenue on January 10 and (2) the payment of all interest due ($3,700) on January 15.
Post the entries in (d) to the temporary accounts.
any help please step by step
I need help please with post the entires (a)and (b)
account Recivable
service ravenue
Intrest payable
Interest expense
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