February 28 - Record Payroll #4 Exhibit B. Payroll should charge 80 percent to month of February, 20 percent should be attributed to March. B. Adjusting Entries 1. Park equipment in the amount of $4.000. 6110.2} was reoeived but never recorded. 2. AStete aid claim has just been submitted $5.000 (youth program}. C. Prepare Closing Entries D. Prepare Year-End Financial Statements {Form of Statements in Packet)