All adjusting journal entries are completed on February $28$th$.$

a$.$ Record the interest accrued on February $28$th on the $$60,000$ loan from Part I of the case project. The annual interest rate is $6\mathrm{.}8\%.$ Please see table on next page to calculate interest. Interest accrued indicates interest has not been paid, but has accumulated on the loan. HINT...the loan was taken out on $2/1$ and the adjusting journal entry is completed on $2/28($end of month$).$

b$.$ On $2/28,$ the snow removal services have been provided and the $$300$ unearned revenue from February $1$st has been earned.

c$.$ On $2/28$ the count of office supplies indicates a balance of $$1949.$

d$.$ Record the interest accrued on February $28$th on the $$30,000$ loan from Part I of the case project. The annual interest rate is $11\%.$ Please see table on next page to calculate interest. Interest accrued indicates interest has not been paid, but has accumulated on the loan. HINT...the loan was taken out on $2/20$ and the adjusting journal entry is completed on $2/28($end of month$).$

e$.$ Monthly depreciation expense on equipment purchased on $2/1/2023$ for $$80,000.$ Salvage value is $$31000$ with a use$-$full life of $96$ months. Please round the monthly depreciation expense to two decimals.

f$.$ The Allowance for Doubtful Accounts needs to be updated. The beginning balance is $0.$ Yabba Dabba Do estimates that $4\%$ of AR will not be collected.

g$.$ Salaries of $$2400$ were accrued from February $22$nd $-$ February $28$th but will be paid on March $15$th$.$ Social Security $($OASDI$)$ and Medicare taxes were withheld using the normal tax rates and the $2023$ threshold of Social Security was not met for any of the employees. Federal Tax rate of $12\%$ and state tax of $5\%$ were withheld. Please complete the adjusting journal entries for salaries and wages expense and payroll tax expense.