For each of the following transactions (a) through (c) for Catena's Marketing Company, prepare the adjusting entry at the end of the current year, December 31. The process includes (1) determining if revenue was earned or an expense was incurred and (2) determining whether cash was received or paid in the past or will be received or paid in the future. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

1. Estimated electricity usage at $450 for December; to be paid in January of next year.
2. On September 1 of the current year, loaned $6,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent.
3. Owed wages to 10 employees who worked four days at $200 each per day at the end of the current year. The company will pay employees at the end of the first week of next year.

Note: Enter debits before credits.

Prepare the adjusting entry needed at Decemeber 31. Estimated electicity usage at $450 for December; to be paid in January of new year

Transaction	General Journal	Debit	Credit
a.

Prepare the adjusting entry needed at December 31. On September 1 of the current year, loaned 6,000 to offer an offer will repay the loan principal and interest in one year at an annual interest rate of 14 percent

Transaction	General Journal	Debit	Credit
b.

Prepare the adjusting entry needed at Decmeber 31. Owed wages to 10 employees who worked four days at 200 each per day at the end of the current year. The company will pay employees at the end of the first week of the year.

Transaction	General Journal	Debit	Credit
c.