LS Wivws ing 10e The bookkeeper for Wildhorse Co asks you to

LS Wivws ing. 10e The bookkeeper for Wildhorse Co. asks you to prepare the folowing accrued adjusting entries at 1. Interest on notes payable of $600 is accrued. 2 Services performed but not recorded total $2,100. 3. Salaries earned by employees of $630 have not been recorded Use the following account titles: Service Revenue, eonicranc Dot sol icounts Recelvable, Interest Expensn, Interest Payabie, Salanis and wages Expense, and Salaries and Wiages Payable. (Credt acce Interest 1. Dec. 31 2. Dec. 31 3. Dec. 31 Question Attempts: 0 of 3 used s

Solution

EX 3-7 31-Dec Interest expense 600               Interest payable 600 31-Dec Accounts receivable 2100               Service revenue 2100 31-Dec Salaries and wages expense 630               salary and wages payable 630 Ex 3-9 Income statement Revenue Service revenue 36500 Expenses Salaries wages expense 16300 Insurance expense 2600 Rent expense 3300 Supplies expense 2400 Depreciation expense 1700 Total expense 26300 Net income 10200 Ex 3-10 Retained earnings statement Beginning retained earnings 8200 Add Net income 13300 21500 Less Dividends 7900 Ending retained earnings 13600 Ex 3-11 30-Apr Supplies 1300 (1900-600)             Supplies expense 1300 30-Apr Service revenue 3500             Unearned revenue 3500