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Prepare the adjusting journal entries from the following items on the Pedersen Company worksheet. ADJUSTMENTS Debit Credit Interest (a) 5 Receivable Cost of Goods (c)

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Prepare the adjusting journal entries from the following items on the Pedersen Company worksheet. ADJUSTMENTS Debit Credit Interest (a) 5 Receivable Cost of Goods (c) 4 Sold Supplies on Hand (b) 2 Rental Fees Earned (d) 7 Interest Income (a) 5 Supplies Expense Inventory Unearned Rental Fees (b) 2 (d) 7 (c) 4

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