F. Scot Company prepared the following adjusting entries F. Scot Company prepared the following adjusting entries at year end on December 31, 2011: (a) Interest Expense 100 Interest Payable 100 (b) Interest Receivable 250 Interest Revenue 250 (c) Salary Expense 4,000 Salary Payable 4,000 In an effort to minimize errors in recording transactions, F. Scot Company utilizes reversing entries. Prepare reversing entries on January 1, 2012. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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