A) Estimated electricity usage at $280 for December; to be paid in January of next year.

B) On September 1 of the current year, loaned $6,400 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 9 percent.

C) Owed wages to 15 employees who worked five days at $100 each per day at the end of the current year. The company will pay employees at the end of the first week of next year.

In each of the following transactions for A marketing company, use a three step process to record only the adjusted entry at the end of the current year. The process includes (1) determining if revenue was earned or an expense was incurred (2) determining whether cash was received or paid in the past or will be received or paid in the future (3) computing the amount of the adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)