Accrual Adjusting Entries
Prepare adjusting journal entries for Sparky Electronics for the following items:
a. Salaries for employees in the amount of $10,000 have not been paid.
b. Interest expense of $4,800 for an outstanding note.
c. Work performed but not yet billed for $14,000.
General Journal | |||
---|---|---|---|
Ref. | Description | Debit | Credit |
a. | |||
b. | |||
c. | |||