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Prepare year-end adjustments as journal entries for the following situations. Cut and paste from the Charter of Accounts. Names must exactly match. Do not enter
Prepare year-end adjustments as journal entries for the following situations. Cut and paste from the Charter of Accounts. Names must exactly match. Do not enter "\$" signs or "." decimal points. a. Unrecorded interest on Accounts Receivable is $680. b. Income taxes incurred but not paid or recorded amount to $540. c. Service Revenue of $5,000 was collected in advance. By year end, 80 percent wer still unearned. d. Prepaid Insurance had a $1,600 debit balance prior to adjustment. By year end, 25 percent was still unexpired. e. Wages incurred by year end but not yet paid or recorded amounted to $1,375. f. Services totaling $900 have been performed but not yet recorded or billed
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