How each adjustment is journalized

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Question - Spencer Company has a fiscal year-end of June 30th. The following adjusting journal entries must be prepared in order to bring the accounting records up to date for the preparation of year-end financial statements.

Interest on notes payable of PHP400 is accrued. Fees earned but unbilled total PHP1,400.

Salaries earned by employees of PHP700 have not been recorded.

Bad debt expense for year is PHP900.

Required - How each adjustment is journalized (using general journal format)?

Reference no: EM132986236

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