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Prepare the interest on notes payable is accrued

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Exercise

The bookkeeper for Sheridan Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is required, 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 $330 is accrued.
(b) Services performed but unbilled totals $1,870.
(c) Salaries of $900 earned by employees have not been recorded.

Reference no: EM131783667

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