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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.) 1. Supplies for office use were purchased during the year for $740, of which $220 remained on hand (unused) at year-end. 2. Interest of $370 on a note recelvable was earned at year-end, although collection of the interest is not due until the following year. 3. At year-end, salaries and wages payable of $4,800 had not been recorded or paid. 4. At year-end, one-half of a $3,200 advertising project had been completed for a client, but nothing had been billed or collected. 5. Redeemed a gift card for $720 of services. Journal entry worksheet Record the interest of $370 on a note receivable that was earned at year-end, although collection of the interest is not due until the following year. Nate: Enter debits before credis
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