Prepare year end adjusting entries for these situations.

1. Accrued interest on notes payable is $80.

2. Income taxes incurred but not paid or recordered total to $1,000.

3. Legal fees of $5000 were received in advanced. By the end of the year, 80% of the fees were earned.

4. Services totaling $1,000 have been completed but not recorded or billed.

5. Payroll for the work week (five days) to be paid on Friday is $10,000. The year ends on a Wednesday.

6. Supplies available for use during the year total to $3,400. By the end of the year, there is only$1,700 in supplies remaining.

7. Depreciation for the year total to $3,000.