Hangzhou Corporation had the following selected transactions in the month of November. The company adjusts its accounts monthly.

1. Hangzhou has a biweekly payroll of $6,000. Salaries are normally paid every second Monday for work completed for the two preceding weeks. Employees work a five-day week, Monday through Friday. Salaries were last paid Monday, November 23, and will be paid next on Monday, December 7.

2. The company has a 7%, $20,000 bank loan payable due September 1 of the next year. Interest is payable on the first day of each following month.

3. At the end of November, Hangzhou has $1,000 of invoices for services provided to customers that have not yet been sent. It mails these invoices on December 1, and collects the amounts due on December 21.

4. At the end of November, the company earned $10 interest on the cash in its bank account. The bank deposited this amount in the company's cash account on December 1.

5. At the end of November, it was estimated that the company owed $1,000 of income tax. This amount was paid on December 18.

Instructions

(a) For each of the above situations, prepare the adjusting journal entry required at November 30.

(b) For each of the above situations, prepare the journal entry to record the subsequent cash transaction in December.