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pav-90 [236]
3 years ago
7

The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r

equired, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) Interest on notes payable of $410 is accrued. (b) Services performed but unbilled totals $1,790. (c) Salaries of $750 earned by employees have not been recorded.
Business
1 answer:
Alchen [17]3 years ago
7 0

Answer:

The adjusting entries are given below

Explanation:

Adjusting Entries  

Dec 31 (Accrued Interest)               Debit         Credit

Interest expense                               $410  

Interest payable                                                    $410

Dec 31 (Service Revenue)               Debit         Credit

Account receivable                            $1,790

Service revenue                                                    $1,790

Dec 31 (Salary expense)                Debit         Credit

Salary expense                                $750

Salary payable                                                     $750

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