Instructions Charger Inc. had the following items that require adjusting entries at the end of the year, a Charger pays its employees $8.000 every Friday for a 5-day work wook. This year December 31 falls on a Wednesday b. Charger earned income of $770,000 for the year for tax purposes. Its effective tax rate is 30%. These taxes must be paid by April 15 of next year. c. Charger borrowed $220,000 with a note payable dated August 1. This note specifies 6%. The Interest and principal aro duo on March 31 of the following year. d. Charger's president earns a bonus equal to 10% of income in excess of 5630,000. Income for the year was $770,000. This bonus is paid in May of the following year and any expense is charged to wages expense. Required: Prepare the adjusting journal entries to record these transactions at the end of the current year General Joumal Prepare the nejusting journal entries to record these transactions at the end of the current year on December 31, General Journal Arstruction GENERAL JOURNAL IMPACT ON FRANCIAL STATEM BALANCE SHEET INC DATE POSTER CREDIT ASSETS LIABILITIES UITY REVUE ACCOUNT TITLE Adjusting Entries 2 5 7