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Journal entry worksheet 3 At its December 31 year-end, the company owes $375 of interest on a line-ofcredit loan. That interest will not be paid

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Journal entry worksheet 3 At its December 31 year-end, the company owes $375 of interest on a line-ofcredit loan. That interest will not be paid until sometime in January of the next year. Note; Enter debits before creaits. Record adjusting joumal entries for each of the following for year ended December 31 Assume no other adjusting entries are made ouring the yeat. a. Solories Payable. At year-end, salarles expense of $18.000 has been incurred by the company, but is not yet paid to empioyeess b. Interest Payable. At its December 31 yearend, the company owes $375 of interest on a line-of-credit loan. That interest will hot be paid until sometime in January of the next year. c. Interest Payable. At its December 31 year-end, the company hoids a mortgage payable that has incurred $1,000 in annuat interest that is neither recorded nor paid. The company intends to pay the interest on January 7 of the next year: Journal entry worksheet Nokrifiter debits before irndies. Journal entry worksheet At its December 31 year-end, the company holds a mortgage payable that has incurred $1,000 in annual interest that is neither recorded nor paid. The company intends to pay the interest on January 7 of the next year. Noter Enter debits before credits

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