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Required information Skip to question [The following information applies to the questions displayed below.] a M&R Company provided $2,000 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the companys year-end. b Wage expenses of $1,000 have been incurred but are not paid as of December 31. c M&R Company has a $5,000 bank loan and has incurred (but not recorded) 8% interest expense of $400 for the year ended December 31. The company will pay the $400 interest in cash on January 2 following the companys year-end. d M&R Company hired a firm that provided lawn services during December for $500. M&R will pay for December lawn services on January
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