$($a$)$ Interest Expense

$250$

Interest Payable

$250$

$($b$)$ Interest Receivable

$450$

Interest Revenue

$450$

$($c$)$ Salaries and Wages Expense

$3,500$

Salaries and Wages Payable

$3,500$

In an effort to minimize errors in recording transactions, Inigo Company utilizes reversing entries. Prepare reversing entries on January $1,2022.($Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$

$($c$)$