2 Exercise 3-9 Preparing adjusting entries - accrued revenues and expenses LO P3, P4 33.33 points 8 04:20:13 a. M&R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following the company's 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 company's year-end. d. M&R Company hired a firm to provide lawn services during December for $500. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $200 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $900 have been earned by supervisors but not paid as of December 31. eBook Ask Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. Journal entry worksheet 1 2 3 4 5 6 M&R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following the company's year-end. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general Journal Journal entry worksheet Wage expenses of $1,000 have been incurred but are not paid as of December 31. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general Journal Journal entry worksheet 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 company's year- end. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal Journal entry worksheet