2. Johnny completed four transactions below in 2022. Each transaction requires an adjusting entry at December 31, 2022. Give the adjusting entries.

a. Johnny pays employees typically each month for services rendered. On December 31, Johnny owed employees $3,750 for wages earned during December.

b. In 2022, Johnny bought $1,000 of supplies and recorded as an asset. At January 1, Supplies on hand were $300. At December 31, Supplies on hand were $100.

Supplies

c) On December 1, Johnny rented out space and collected $900 rent for 3 months, recording as a liability.

d) On July 1, Johnny borrowed $2,000 and signed a 10-month, 8% interest note.

Debits	Credits