Record adjusting journal entries for each of the following for year ended December 31.

Assume no other adjusting entries are made during the year.

1. Salaries Payable.At year-end, salaries expense of $15,500 has been incurred by the company, but is not yet paid to employees.
2. Interest Payable.At its December 31 year-end, the company owes $250 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year.
3. Interest Payable.At its December 31 year-end, the company holds a mortgage payable that has incurred $875 in annual interest that is neither recorded nor paid. The company intends to pay the interest on January 7 of the next year