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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
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: a. At year-end, employees earned wages of $6,400, which will be paid on the next payroll date, November 6. b. At year-end, the company had earned interest revenue of $3,400. It will be collected December 1. Required: Record the required adjusting journal entry for transactions (a) and (b). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 > At year-end, employees earned wages of $6,400, which will be paid on the next payroll date, November 6. Record the adjusting entry. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general Journal Journal entry worksheet At year-end, the company had earned interest revenue of $3,400. It will be collected December 1. Record the adjusting entry. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general Journal
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