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Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adiusting entries are made during the year. a.
Record adjusting journal entries for each separate case below for year ended December 31.
Assume no other adiusting entries are made during the year.
a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,000 for a client, but the client has not yet
been billed for those services
b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $550 of interest earned from its investments in
government bonds.
c. Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The
customer has not yet been billed for the $1.620 of work.
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