Business, 16.06.2020 17:57, jeremiahsingleton
A. Supplies for office use were purchased during the year for $700, of which $200 remained on hand (unused) at year-end.
b. Interest of $350 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 $4,600 had not been recorded or paid.
d. At year-end, one-half of a $3,000 advertising project had been completed for a client, but nothing had been billed or collected.
e. Redeemed a gift card for $700 of services.
Required:
Prepare the adjusting journal entries.
Answers: 3
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A. Supplies for office use were purchased during the year for $700, of which $200 remained on hand (...
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