Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 5

ALiability transactions
The following items were selected from among the transactions completed by Pioneer Co. during the current year:

Instructions
1. Journalize the transactions.
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year:
a. Product warranty cost, $27,500.
b. Interest on the nine remaining notes owed to Taylor Co.