Accrued Expense Adjusting Entries Manning Manufacturing, Inc. had The following items that require adjustment at year-end. Salaries of $4,980 that were earned in December are unrecorded and unpaid. Used $2,430 of utilities in December, which are unrecorded and unpaid. Interest of $1,575 on a note payable has not been recorded or paid. Prepare The adjusting entries needed at December 31 is The effect on The financial statements if these adjusting entries are not made