A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15 and finished the work on October 15. The business agreed to pay him $4,000 when the work was completed. As of September 30, the work was 50% complete, and the business made an adjusting entry to accrue repair expense as of the end of September. On October 15, the job was done and the business paid the repairman in full. Please provide the journal entry for the cash payment on October 15.
Definitions:
Heart Rate
The number of heartbeats per unit of time, typically expressed as beats per minute (bpm), indicating cardiovascular activity and overall health.
Respiration Rate
The number of breaths an individual takes per minute, a vital sign indicating the rate of breathing and an important measure of respiratory function.
Human Prehistory
The period of human activity between the use of the first stone tools 3.3 million years ago and the invention of writing systems.
Immunoglobulin A
A class of antibody that plays a critical role in mucosal immunity, found in mucous membranes, saliva, tears, and breast milk.
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