E4-12 (Algo) Recording Transactions Including Adjusting and Closing Entries (Nonquantitative) LO4-1, 4- The following accounts are used by Bridgid's Mittens, Inc. Accounts Cash Office Supplies Accounts Receivable Office Equipment Accumulated Depreciation Notes Payable Wages Payable Interest Payable Unearned Service Revenue Common Stock and Additional Paid-in Capital Retained Earnings Service Revenue Interest Revenue Wage Expense Depreciation Expense Interest Expense Supplies Expense None of the above Required: For each of the following nine Independent situations, give the journal entry by selecting the appropriate account descriptions and enter the amount(s). The first transaction is used as an example. Debit Account Wage Expense Credit Amount Account 430 Wages Payable Amount 430 Independent Situations a. Accrued wages, unrecorded and unpaid at year-end, S430. Service revenue earned but not yet collected at year-end, $630. c. Dividends declared and paid during the year, $930. Office supplies on hand during the year, $430, supplies on hand at year-end, $190. Service revenue collected in advance and not yet earned, $830. f. Depreciation expense for the year, $1,030. At year-end, interest on note payable not yet recorded or paid, $250. Balance at year-end in Service Revenue account, $59,000 Give the closing entry at year-end Balance at year-end in Interest Expense account, $490. Give the closing entry at year-end