Exercise 3-5 Preparing adjusting entries-accrued revenues and expenses LO P3, P4 a. M&R Company provided $3,500 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. b. Wage expenses of $2,500 have been incurred but are not paid as of December 31 C. M&R Company has a $6,500 bank loan and has incurred (but not recorded) 8% interest expense of $520 for the year ended December 31. The company will pay the $520 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $650. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $350 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. 1. Salary expenses of $1,050 have been earned by supervisors but not paid as of December 31 Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. View transaction list Journal entry worksheet 2 3 4 5 6 M&R Company provided $3,500 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. Note: Enter debits before credits. Transaction General Journal Debit Credit