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Inga [223]
2 years ago
10

Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are mad

e during the year. Accounts Receivable. At year-end, the L. Cole Company has completed services of $25,000 for a client, but the client has not yet been billed for those services. Interest Receivable. At year-end, the company has earned, but not yet recorded, $630 of interest earned from its investments in government bonds. Accounts Receivable. A painting company collects fees when jobs are complete. The work for one customer, whose job was bid at $1,780, has been completed, but the customer has not yet been billed.
Business
1 answer:
Leokris [45]2 years ago
7 0

Answer:

Explanation:

Adjusting journal entries

A.

Account receivable   25000

         Service Revenue     25000

B.

Interest Receivable 630

         Interest income      630

C.

   Progressive bills receivable      1780

                     Revenue                         1780

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