A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15 and will finish the work on October 15. The business will pay him $4,000 when the work is 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. Please provide that adjusting entry.

Question

A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15 and will finish the work on October 15. The business will pay him $4,000 when the work is 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. Please provide that adjusting entry.
A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15 and will finish the work on October 15. The business will pay him $4,000 when the work is 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. Please provide that adjusting entry.

Quizplus · Accepted Answer

The Answer of A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15 and will finish the work on October 15. The business will pay him $4,000 when the work is 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. Please provide that adjusting entry.

A Business Hired a Repairman to Overhaul Their Plumbing System