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    ACCRUAL

    Uploaded by

    aira mikaela ruazol

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    ACCRUAL

    Uploaded by

    aira mikaela ruazol
    7 views1 page

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    7 views1 page

    ACCRUAL

    Uploaded by

    aira mikaela ruazol

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 1

    Problem #1

    Date Debit Credit


    Oct. 31, 2019 Cash 500,000
    Note Receivable 500,000
    To Record Accrued Interest
    on Note Receivable

    Problem #2

    Date Debit Credit


    Sept. 1, 2019 Notes Payable 300,000
    Interest Expense 36,000
    Cash 336,000
    To Record Accrued Interest
    on Note Payable

    Problem #3

    Date Debit Credit


    Dec. 31, 2020 Cash 60,000
    Unearned Service Revenue 60,000

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