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a. M&R Company provided $3,100 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 $2,100 have been incurred but are not paid as of December 31. c. M&R Company has a $6,100 bank loan and has incurred (but not recorded) 6% interest expense of $366 for the year ended December 31. The company will pay the $366 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $610. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $310 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 $1,010 have been earned by supervisors but not paid as of December 31. Exercise 3-11 (Algo) Preparing adjusting entries-accrued revenues and expenses LO P3, P4 Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. View transaction list Journal entry worksheet < 1 2 3 4 Note: Enter debits before credits. 5 6 M&R Company provided $3,100 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. Debit Credit

a. M&R Company provided $3,100 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 $2,100 have been incurred but are not paid as of December 31. c. M&R Company has a $6,100 bank loan and has incurred (but not recorded) 6% interest expense of $366 for the year ended December 31. The company will pay the $366 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $610. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $310 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 $1,010 have been earned by supervisors but not paid as of December 31. Exercise 3-11 (Algo) Preparing adjusting entries-accrued revenues and expenses LO P3, P4 Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. View transaction list Journal entry worksheet < 1 2 3 4 Note: Enter debits before credits. 5 6 M&R Company provided $3,100 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. Debit Credit

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...
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Prepare the journal entries for a,b,c,d,e,f pleaee and thank you!

a. M&R Company provided $3,100 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 $2,100 have been incurred but are not paid as of December 31. c. M&R Company has a $6,100 bank loan and has incurred (but not recorded) 6% interest expense of $366 for the year ended December 31. The company will pay the $366 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $610. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $310 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 $1,010 have been earned by supervisors but not paid as of December 31. Exercise 3-11 (Algo) Preparing adjusting entries-accrued revenues and expenses LO P3, P4 Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. View transaction list Journal entry worksheet 1 2 3 Transaction Note: Enter debits before credits. 4 5 M&R Company provided $3,100 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. 6 General Journal < Prev. Debit Credit 5 of 6 MacBook Air Next >
Transcribed Image Text:a. M&R Company provided $3,100 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 $2,100 have been incurred but are not paid as of December 31. c. M&R Company has a $6,100 bank loan and has incurred (but not recorded) 6% interest expense of $366 for the year ended December 31. The company will pay the $366 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $610. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $310 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 $1,010 have been earned by supervisors but not paid as of December 31. Exercise 3-11 (Algo) Preparing adjusting entries-accrued revenues and expenses LO P3, P4 Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. View transaction list Journal entry worksheet 1 2 3 Transaction Note: Enter debits before credits. 4 5 M&R Company provided $3,100 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. 6 General Journal < Prev. Debit Credit 5 of 6 MacBook Air Next >
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