Question
The bookkeeper for Crane Company asks you to record the following accrual adjustments at December 31 in the tabular summary that follows. (If a
The bookkeeper for Crane Company asks you to record the following accrual adjustments at December 31 in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (a) Interest on notes payable of $324 is accrued. (b) Services performed but unbilled total $1,836. (c) Salaries of $848 earned by employees have not been recorded. Assets Adjustment Accounts Receivable Interest Payable (a) (b) Liabilities Sal/Wages Com Payable Stock
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