Dodie Company completed its first year of operation on December 31. All if the years entries have been recorded except for the following.

1. At year-end, employees earned wages of $4,000 which will be paid on the next payroll date in January of next year.
2. At year-end the company had earned interest of $1500. The cash will be collected March 1 of the next year.

Required

2. Prepare the required adjusting entry for transaction (a) and (b) {if no entry is required for a transaction. Select No Journal entry required in the first account field).

Journal Entry Worksheet