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what info do you need, all part of the question is uploaded VIEW Show Attempt History Current Attempt in Progress Blue Spruce Corp. has the
what info do you need, all part of the question is uploaded
VIEW Show Attempt History Current Attempt in Progress Blue Spruce Corp. has the following information available for accruals for the year ended December 31, 2022. The company adjusts its accounts annually. 1. The December utility bill for $520 was unrecorded on December 31. Blue Spruce paid the bill on January 11 2 Blue Spruce is open 7 days a week and employees are paid a total of $4.200 every Monday for a 7-day (Monday-Sunday) workweek. December 31 is a Thursday, so employees will have worked 4 days (Monday, December 28-Thursday, December 31) that they have not been paid for by year-end. Employees will be paid next on January 4, 3. Blue Spruce signed a $54,000,5% bank loan on November 1, 2021. due in 2 years. Interest is payable on the first day of each following month (For example, Interest incurred during November is paid on December 1). Blue Spruce receives a fee from Pizza Shop next door for all pizzas sold to customers using Blue Spruce's facility. The amount owed for December is $360, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.) 5. Blue Spruce rented some of its unused warehouse space to a client for $7.200 a month payable the first day of the following month. It received the rent for the month of December on January 2. 4. reduced Assets 2022 Cash Accts. Rec. Accts. Pay 1 Dec 31 520 2 Dec 31 2400 3. Dec. 31 225 380 4 Dec 31 7100 5. Dec. 31 7560 330 Totals 2625 e Textbook and Media Attempts: 2 of 5 used Sub Save for Later a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Sto Com. Stock Int. Pay Sal. & Wages Pay. Rev. 2400 225 com 2400 225 e Textbook and Media a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Rev. Exp. Div Utilities Expense Salaries & Wages Expeme Interest Expense Service Revenue Rent Revenue e Textbook and Media Step by Step Solution
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