he following information relates to the Oriole Company at the end of 2020. The accounting period is the calendar year.

1.		Employees are paid every Friday for the five-day week ending on that day. Salaries amount to $2,400 per week. The accounting period ends on a Tuesday.
2.		A note for $4,900 was received from a customer in a sales transaction on April 1, 2020. The note matures in one year and bears 8% interest.
3.		On September 1, 2020, Oriole borrowed $7,500 cash by signing a note payable due in one year at 7% interest.

Using the information given above, prepare the necessary adjusting entries at December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)