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The bookkeeper for Pharoah Company asks you to record the following accrual adjustments at December 31 in the tabular summary that follows. (If a
The bookkeeper for Pharoah 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 $384 is accrued. (b) Services performed but unbilled total $2,176. (c) Salaries of $1,008 earned by employees have not been recorded. Assets Liabilities Adjustment Accounts Receivable Interest Payable + Sal./Wages Payable (a) (b) (c) + C A C A C A A Com. C Stock A A C A
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