Options are Accounts Payable, Cash, Cost of Good Sold, Insurance Expense, Marketable Securities, Professional Fees Expense, Sales, Unexpired Insurance, or No Journal Entry Required

Nancy Howe, your staff assistant on the April 30, 20X2, audit of Wilcox Company, was transferred to another audit engagement before she could complete the audit of unrecorded accounts payable. Her working paper, which you have reviewed and are satisfied is complete, appears below. Wilcox Company Unrecorded Accounts Payable April 30, 20X2 M-1-1 Invoice Date Amount Vendor and Description Hill & Harper-unpaid legal fees at Apr. 30, X2 (see lawyer's letter at M-4) $ 1,550y Apr. 1, X2 Drew Insurance Agency-unpaid premium at year-end on fire insurance for period Apr. 1, X2- Mar. 31, X3 (see insurance broker letter at 1-1-1). Payment made on May 7, 20x2. 3,780y Apr.30,X2 Mays and Sage, Stockbrokers-advice for 100 shares of Madison Ltd. common stock (settlement date May 7, X2) 2,400 Lane Company-shipment received Apr. 30, X2 per receiver no. 3361 and included in Apr. 30, X2, physical inventory; invoice not yet received (amount is per purchase order) 6,138y 13,868 $ y-Examined document described. In my opinion, the $13,868 adjustment includes all material unrecorded accounts payable. N.A.H. May 29, X2 Prepare a proposed adjusting journal entry for the unrecorded accounts payable of Wilcox Company at April 30, 20X2. The amounts are material. (Do not deal with income taxes.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate computations.) View transaction list Journal entry worksheet Record the adjusting journal entry for the unrecorded accounts payable of Wilcox Company at April 30, 20X2. Note: Enter debits before credits. Date General Journal Debit Credit April 30, 20X2 Record entry Clear entry View general journal