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At the end of the annual accounting period on March 31, the adjusting entries for the following three items have not been made. You are
At the end of the annual accounting period on March 31, the adjusting entries for the following three items have not been made. You are to provide the 2022 adjusting entry for each item. A. Unpaid wages for the last four days of March, 2022 amounting to $6,400 have not been recorded (disregard payroll taxes). B. On March 1, 2022 rent revenue of $2,400 was collected for March and April. (Rent revenue was credited for a total of $2,400). C. A $40,000, six-month, 9% interest-bearing note payable was signed on December 1, 2021.
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