Question
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.) |
1. | Supplies for office use were purchased during the year for $500, of which $100 remained on hand (unused) at year-end. |
2. | Interest of $250 on a note receivable was earned at year-end, although collection of the interest is not due until the following year. |
3. | At year-end, wages payable of $3,600 had not been recorded or paid. |
4. | At year-end, one-half of a $2,000 advertising project had been completed for a client, but nothing had been billed or collected. |
5. | Redeemed a gift card for $600 of services. |
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