Prepare Adjusting Entries for the Following Transactions

question 176

Essay

Prepare adjusting entries for the following transactions. Omit explanations.
1. Unrecorded interest accrued on savings bonds is $200.
2. Property taxes incurred but not paid or recorded amount to $900.
3. Salaries incurred by year end but not yet paid or recorded amounted to $600.

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Definitions:

Prima Facie Duties

Obligations that are binding unless they conflict with a more important duty.

Moral Value

Principles or standards of behavior that are considered important in distinguishing right from wrong.

Moral Sentiment

An emotional response that informs or is related to one's sense of right and wrong.

Shame

A feeling resulting from the violation of a social norm.