Mobo, a wireless phone carrier, completed its first year of operations on October $31.$ All of the year's entries have been recorded, except for the following:

At year$-$end, employees earned wages of $$6,000,$ which will be paid on the next payroll date, November $6.$

At year$-$end, the company had earned interest revenue of $$3,000.$ It will be collected December $1.$

E$4-4($Static$)$ Part $2$

$2.$ Identify whether each required adjustment is a deferral or an accrual. $($Check all that apply.$)$

Check All That Apply

Both transactions are accruals

Both transactions are accruals

Both transactions are deferral

Both transactions are deferral

First transaction is accrual

First transaction is accrual

First transaction is deferral

First transaction is deferral

Second transaction is accrual

Second transaction is accrual

Second transaction is deferral