Accrued Liabilities Instructions Chart of Accounts General Journal Instructions Charger Inc. had the following items that require adjusting entries at the end of the year a. Charger pays its employees $4,000 every Friday for a 5-day work week. This year December 31 falls on a Wednesday. b. Charger earned inconte of $740,000 for the year for tax purposes. Its effective tax rate is 40%. These taxes must be paid by April 15 of next year c. Charger borrowed $200,000 with a note payable dated August 1. This note specifies 6%. The interest and principal are due on March 31 of the following year. d. Charger's president earns a bonus equal to 10% of income in excess of $620,000. Income for the year was $740,000. This bonus is paid in May of the following year and any expense is charged to wages expense. Required: Prepare the adjusting journal entries to record these transactions at the end of the current year