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Required information [The following information applies to the questions displayed below.] a. M&R Company provided $3,600 in services to customers in December, which are not
Required information [The following information applies to the questions displayed below.] a. M\&R Company provided $3,600 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 $2,600 have been incurred but are not paid as of December 31 . c. M\&R Company has a $6,600 bank loan and has incurred (but not recorded) 7% interest expense of $462 for the year ended December 31. The company will pay the $462 interest in cash on January 2 following the company's yearend. d. M\&R Company hired a firm that provided lawn services during December for $660. M\&R will pay for December lawn services on January 15 following the company's year-end. e. M\&R Company has earned $360 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 $1,060 have been earned by supervisors but not paid as of December 31 . For each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including (+) increase or () decrease) for each transaction or event
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