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1. Dodie Company completed its first year of operations on December 31, All of the year's entries have been recorded except for the following: a. At year-end, employees earned wages of $4,000 which will be paid on the next payroll date in January of next year. b. At year-end, the company had earned interest revenue of $1,500. The cash will be collected March 1 of the next year. 2. A+T Williamson Company is making adjusting entries for the year ended December 31 of the current year. In developing information for the adjusting entries, the accountant fearned the following: a. A two-year insurance premium of $4.800 was paid on October 1 of the current year for coverage beginning on that date. The bookkeeper debited the full amount to Prepaid insurance on October 1 . b. At December 31 of the current year, the following data relating to Shipping Supplies were obtained from the records and supporting documents. Required: For each of the transactions in Dodie Company and A+T Wiliamson Company, indicate the amount and the direction of effects of the adjusting entry on the elements of the balance sheet and income statement. (Enter negative amounts with a minus sign.) Required: For each of the transactions in Dodie Company and A+T Williamson Company, indicate the amount and the direction of effects of the adjusting entry on the elements of the balance sheet and income statement. (Enter negative amounts with a minus sign.)