The bookkeeper for Ivanhoe Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) a. Interest on notes payable of $270 is accrued.
b. Services performed but unbilled totals $1,930.
c. Salaries of $700 earned by employees have not been recorded.

      Date     Account titles and explanation   Debit    Credit

(a)  Dec. 31  Interest Expense                            $270  

                           Interest Payable                                     $270

(b)  Dec. 31   Accounts Receivable                     $1,930

                           Service Revenue                                     $1,930

(c)   Dec. 31   Salaries Expense                            $700  

                            Salaries Payable                                     $700

Dynamic pricing

Explanation:

Dynamic pricing can be defined as a strategy used in the market where price increases are established according to the demands that the market demands at the moment. Dynamic pricing is to sell the same product at different prices. For dynamic pricing to be carried out, companies take into account a series of factors where it is appropriate to increase the price or not.

This type of action has been criticized by many consumers since many times they do not find it fair to pay a certain amount of money for some type of object. Many times when a person is faced with such a situation they decide not to purchase the object or service at the moment and return later to see if it is cheaper or if there is some kind of offer.