Emily Consultants Company has a fiscal year ending December 31. For each of the following independent situations, indicate the journal entry by selecting the appropriate account descriptions and enter the amount(s). The first transaction is used as an example. Independent Situations a. Accrued wages, unrecorded and unpaid at year-end, $470. b. Service revenue earned but not yet collected at year-end, $670. c. Dividends declared during the year, $970, to be paid next year. d. Office supplies on hand during the year, $470; supplies on hand at year-end, $230. e. Service revenue collected from customers in advance during the year, $1,570. f. Depreciation expense for the year, $1,070. g. Earned all but $880 of (e) by the end of the year. h. Sold $2,700 in investments at a gain of $220. i. Interest on $8,500, 8 percent note payable (borrowed on October 1 of this year); not yet recorded or paid at year end. j. Indicate the closing entry based on balances at year-end in the following accounts: j. Service revenue, $193,000 j. Interest revenue, $70 j. Gain on sale of investments, $220 j. Wage expense, $137,000 j. Depreciation expense, $1,070 j. Interest expense, $170 j. Supplies expense, $240 j. Dividends payable, $970 j. Income tax expense, $1,800 Debit Credit Account Amount Account Amount Wage Expense 470 Wages Payable 470