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Prepare these reversing entries on May 1, 2017 1- Service revenue of $620 was earned but not recorded or collected. 2- Interest of $555 on
Prepare these reversing entries on May 1, 2017
1- Service revenue of $620 was earned but not recorded or collected.
2- Interest of $555 on a note payable had accrued.
3- Property taxes for the calendar year are payable every year on June 30. The company estimated property taxes for 2017 to be $3,996.
I want the reversing entries for those and are they debt or credit. Thank you!
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