Accounting System

Prepare the following adjusting entries at August 31 for Nokia (FIN):

Interest on notes payable of €300 is accrued.

Prepare the following adjusting entries at August 31 for Nokia (FIN):

Unbilled fees for services performed total €1,400.

Prepare the following adjusting entries at August 31 for Nokia (FIN):

Salaries and wages earned by employees of €700 have not been recorded.

Prepare the following adjusting entries at August 31 for Nokia (FIN):

Bad debt expense for year is €900.

A review of the ledger of Baylor Company at December 31, 2015, produces the

following data pertaining to the preparation of annual adjusting entries:

Salaries and Wages Payable $0. There are eight employees. Salaries and wages are paid every Friday

for the current week. Five employees receive $700 each per week, and three employees earn $600 each

per week. December 31 is a Tuesday. Employees do not work weekends. All employees worked the last

2 days of December.

A review of the ledger of Baylor Company at December 31, 2015, produces the

following data pertaining to the preparation of annual adjusting entries.

Notes Payable $60,000. This balance consists of a note for one year at an annual interest rate of 12%, dated June 1

When the accounts of Constantine Inc. are examined, the

adjusting data listed below are uncovered on December 31, the end of an annual fiscal period:

The prepaid insurance account shows a debit of 6,000, representing the cost of a 2-year fire insurance policy dated August 1 of the current year.

When the accounts of Constantine Inc. are examined, the

adjusting data listed below are uncovered on December 31, the end of an annual fiscal period:

On November 1, Rent Revenue was credited for 2,400, representing revenue from a subrental for

a 3-month period beginning on that date.

When the accounts of Constantine Inc. are examined, the

adjusting data listed below are uncovered on December 31, the end of an annual fiscal period:

Purchase of advertising materials for 800 during the year was recorded in the Supplies Expense

account. On December 31, advertising materials of 290 are on hand.

When the accounts of Constantine Inc. are examined, the

adjusting data listed below are uncovered on December 31, the end of an annual fiscal period:

Interest of 770 has accrued on notes payable.