Business, 15.02.2021 20:00 dpazmembreno
Prepare the adjusting journal entries for the following transactions.
a. Supplies for office use were purchased during the year for $800, of which $250 remained on hand (unused) at year-end.
b. Interest of $400 on a note receivable was earned at year-end, although collection of the interest is not due until the following year.
c. At year-end, salaries and wages payable of $5,100 had not been recorded or paid. At year-end, one-half of a $3,500 advertising project had been completed for a client, but nothing had been billed or collected. Redeemed a gift card for $750 of services.
Answers: 2
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Prepare the adjusting journal entries for the following transactions.
a. Supplies for office use we...
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