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Prepare the adjusting journal entries for the following transactions. (If no entry is required for a transaction/event, select No Journal Entry Required in the first
Prepare the adjusting journal entries for the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
- Supplies for office use were purchased during the year for $720, of which $210 remained on hand (unused) at year-end.
- Interest of $360 on a note receivable was earned at year-end, although collection of the interest is not due until the following year.
- At year-end, salaries and wages payable of $4,700 had not been recorded or paid.
- At year-end, one-half of a $3,100 advertising project had been completed for a client, but nothing had been billed or collected.
- Redeemed a gift card for $710 of services.
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