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Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. I need help with this accounting
Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. I need help with this accounting question.
Required information [The following information applies to the questions displayed below.] a. M\&R Company provided $2,000 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $1,000 have been incurred but are not paid as of December 31. c. M\&R Company has a $5,000 bank loan and has incurred (but not recorded) 8% interest expense of $400 for the year ended December 31. The company will pay the $400 interest in cash on January 2 following the company's year-end. d. M\&R Company hired a firm that provided lawn services during December for $500. M\&R will pay for December lawn services on January 15 following the company's year-end. e. M\&R Company has earned $200 in interest revenue from investments for the year ended December 31 . The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $900 have been earned by supervisors but not paid as of December 31 . repare year-end adjusting journal entries for M\&R Company as of December 31 for each of the above separate cases. Journal entry worksheet M\&R Company provided $2,000 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. Note: Enter debits before creditsStep by Step Solution
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