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E4-3 Recording Adjusting Entries L04-1 Diane Company completed its first year of operations on following: December 31. All of the year's entries have been recorded
E4-3 Recording Adjusting Entries L04-1 Diane Company completed its first year of operations on following: December 31. All of the year's entries have been recorded except for the a. At year-end, employees earned wages of $4,000, which will be paid on the next payroll date in January of next year. b. At year-end, the company had earned interest revenue of $1,500. The cash will be collected March 1 of the next year. Required: 2. Prepare the required adjusting entry for transactions (a) and (b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the wages incurred of $4,000 but payable at a later date. Note: Enter debits before credits. Credit Debit Transaction General Journal a Clear entry View general journal Record entry View transaction list Journal entry worksheet
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