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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 $520, of which $110 remained on hand (unused) at year-end.

  2. Interest of $260 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, salaries and wages payable of $3,700 had not been recorded or paid.

  4. At year-end, one-half of a $2,100 advertising project had been completed for a client, but nothing had been billed or collected.

  5. Redeemed a gift card for $610 of services.

A. Record the entry for supplies used during the year

B. Record the interest of $260 on a note receivable that was earned at the year-end, although collection of the interest is not due until the following year.

C. Record the salaries and wages payable of $3,700 that had not been recorded or paid.

D. Record the entry for one-half of a $2,100 advertising project that had been completed for a client but nothing had been billed or collected.

E. Record the entry for redemption of a gift card for $610 for services.

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