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1. (a, b, c, d, e) Prepare the adjusting journal entries for the following transactions (If no entry is required for a transaction/event, select No
1. (a, b, c, d, e)
Prepare the adjusting journal entries for the following transactions (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Supplies for office use were purchased during the year for S900 of which $300 remained on hand (unused) at year-end Interest of $450 on a note receivable was earned at year-end although collection of the interest is not due until the following year At year-end salaries and wages payable of $5 600 had not been recorded or paid At year-end one-half of a $4,000 advertising project had been completed for a client but nothing had been billed or collected Redeemed a gift card for $800 of services. Journal Entry Worksheet Record the purchase of supplies during the year for $900, of which $300 remained on hand (unused) at year-end. Record the interest of $450 on a note receivable that was earned at year end, although collection of the interest is not due until the following year. Record the salaries and wages payable of $5, 600 that had not been recorded or paid. Record the entry for one-half of a $4,000 advertising project that had been completed for a client but nothing had been billed or collected. Record the entry for redemption of a gift card for S800 for services. Enter debits before creditsStep by Step Solution
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