Required:

Prepare the adjusting journal entries for the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Supplies for office use were purchased during the year for $700, of which $200 remained on hand (unused) at year-end.

Interest of $350 on a note receivable was earned at year-end, although collection of the interest is not due until the following year.

At year-end, salaries and wages payable of $4,600 had not been recorded or paid.

At year-end, one-half of a $3,000 advertising project had been completed for a client, but nothing had been billed or collected.

Redeemed a gift card for $700 of services.

JOurnal entries

a

bRecord the interest of $350 on a note receivable that was earned at year-end, although collection of the interest is not due until the following year.

c.Record the salaries and wages payable of $4,600 that had not been recorded or paid.

d. Record the entry for one-half of a $3,000 advertising project that had been completed for a client but nothing had been billed or collected.

e.Record the entry for redemption of a gift card for $700 for services.

Journal entry worksheet Record the entry for supplies used during the year. Note: Enter debits before credits