Prepare adjusting entries for the transactions

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Reference no: EM13906937

Prepare adjusting entries for the following transactions.

1. Unrecorded interest accrued on savings bonds is $410.

2. Property taxes incurred but not paid or recorded amount to $800.

3. Unearned service revenue of $4,000 was collected in advance. By year end $700 was still unearned.

4. Prepaid insurance had a $750 debit balance prior to adjustment. By year end, 60 percent was still unexpired.

5. Salaries incurred by year end but not yet paid or recorded amounted to $650.

Reference no: EM13906937

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