M4-3 Matching Transactions with Type of Adjustment Match each transaction with the type of adjustment that will be required, by entering the appropri- ate letter in the space provided. Transaction 1. Supplies for office use were purchased during the year for $500, of which $100 remained on hand (unused) at year-end. 2. Interest of $250 on a note receivable was earned at year-end, although collection of the interest is not due until the following year. 3. At year-end, salaries and wages payable of $3,600 had not been recorded or paid. 4. At year-end, one-half of a $2,000 advertising project had been completed for a client, but nothing had been billed or collected. 5. Redeemed a gift card for $600 of services. M4-4 Recording Adjusting Journal Entries Type of Adjustment A. Accrual adjustment B. Deferral adjustment Using the information in M4-3, prepare the adjusting journal entries required