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Use these account titles service revenue accounts

The bookkeeper for Forseth Company asks you to prepare the following accrual adjusting entries at December 31.

(a) Interest on notes payable of $300 is accrued.

(b) Service revenue earned but unbilled totals $1,700.

Use these account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable.

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