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Spencer Company has a fiscal year-end of June 30th. The following adjusting journal entries must be prepared in order to bring the accounting records up
Spencer Company has a fiscal year-end of June 30th. The following adjusting journal entries must be prepared in order to bring the accounting records up to date for the preparation of year end financial statements. Interest on notes payable of 400 is accrued. Fees earned but unbilled total 1,400. Salaries earned by employees of 700 have not been recorded. Bad dept expense for year is 900.
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