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greyfox315Lv1
28 Sep 2019
X Company prepares monthly financial statements. In March, itsaccountant recorded entries as follows:
made an adjusting entry for $2,461 of unpaid interest on a bankloan
recorded $3,528 for wages paid
made an adjusting entry for $504 of wages that were earned byemployees but not paid
made an adjusting entry for $1,790 of insurance that hadexpired
recorded $1,640 that was received from a customer formerchandise that X Company special ordered and agreed to deliver inApril.
As a result of these entries, total equities decreasedby
X Company prepares monthly financial statements. In March, itsaccountant recorded entries as follows:
made an adjusting entry for $2,461 of unpaid interest on a bankloan
recorded $3,528 for wages paid
made an adjusting entry for $504 of wages that were earned byemployees but not paid
made an adjusting entry for $1,790 of insurance that hadexpired
recorded $1,640 that was received from a customer formerchandise that X Company special ordered and agreed to deliver inApril.
As a result of these entries, total equities decreasedby
Keith LeannonLv2
28 Sep 2019
