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a. b. For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or (-) decrease) for each transaction or event. C. d. [The following information applies to the questions displayed below.] a. M&R Company provided $2,800 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $1,800 have been incurred but are not paid as of December 31. c. M&R Company has a $5,800 bank loan and has incurred (but not recorded) 6% interest expense of $348 for the year ended December 31. The company will pay the $348 interest in cash on January 2 following the company's year-end. e. f. d. M&R Company hired a firm that provided lawn services during December for $580. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $280 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $980 have been earned by supervisors but not paid as of December 31. Assets = = = = = = = Liabilities + + + + + + +

a. b. For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or (-) decrease) for each transaction or event. C. d. [The following information applies to the questions displayed below.] a. M&R Company provided $2,800 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $1,800 have been incurred but are not paid as of December 31. c. M&R Company has a $5,800 bank loan and has incurred (but not recorded) 6% interest expense of $348 for the year ended December 31. The company will pay the $348 interest in cash on January 2 following the company's year-end. e. f. d. M&R Company hired a firm that provided lawn services during December for $580. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $280 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $980 have been earned by supervisors but not paid as of December 31. Assets = = = = = = = Liabilities + + + + + + +

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 20E: Assume the following data for Oshkosh Company before its year-end adjustments: Journalize the...
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a. b. For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or (−) decrease) for each transaction or event. C. d. [The following information applies to the questions displayed below.] a. M&R Company provided $2,800 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $1,800 have been incurred but are not paid as of December 31. c. M&R Company has a $5,800 bank loan and has incurred (but not recorded) 6% interest expense of $348 for the year ended December 31. The company will pay the $348 interest in cash on January 2 following the company's year-end. e. f. d. M&R Company hired a firm that provided lawn services during December for $580. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $280 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $980 have been earned by supervisors but not paid as of December 31. Assets = = = = = = = Liabilities + + + + + + +
Transcribed Image Text:a. b. For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or (−) decrease) for each transaction or event. C. d. [The following information applies to the questions displayed below.] a. M&R Company provided $2,800 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $1,800 have been incurred but are not paid as of December 31. c. M&R Company has a $5,800 bank loan and has incurred (but not recorded) 6% interest expense of $348 for the year ended December 31. The company will pay the $348 interest in cash on January 2 following the company's year-end. e. f. d. M&R Company hired a firm that provided lawn services during December for $580. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $280 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $980 have been earned by supervisors but not paid as of December 31. Assets = = = = = = = Liabilities + + + + + + +
+ + + + + + Equity
Transcribed Image Text:+ + + + + + Equity
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