Question
Q1: The following information is taken from records of Marios Tune-Up shop: Transaction during 2020 1860 96000 1395 Balance Dec. 31 2020 975 1725 1425
Q1: The following information is taken from records of Marios Tune-Up shop:
Transaction
during 2020
1860
96000
1395
Balance Dec.
31 2020
975
1725
1425
Balance Jan.1
2020
810
1650
1200
Cash receipts and payment
Interest on notes receivable
Interest on notes payable
Required: Compute the interest revenue, wages expenses, and interest expenses for
the year 2020
Interest receivable
Wages payable
Interest payable
Wages
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
