Manning Manufacturing Inc. had the following items that require adjustment at year end. Salaries of $5, 320 that were earned in December are unrecorded and unpaid. Used $1.970 of utilities in December, which are unrecorded and unpaid. Interest of $925 on a note payable has not been recorded or paid. Prepare the adjusting entries needed at December 31. What is the effect on the financial statements if these adjusting entries are not made