Prepare the adjusting journal entries for the following tran

Prepare the adjusting journal entries for the following transactions (Iif no entry is required for a transaction/event, select \"No Journal Entry Required\" in the first account field.) 1 Supplies for office use were purchased during the year for $560, of which $130 remained on hand (unused) at year end Interest of $280 on a note receivable was earned at year-end, although collection of the interest s not due untl the following year 2 3. At year end, salaries and wages payable of $3,900 had not been recorded or paid 4. At year-end, one-halt of a $2,300 advertising project had been completed for a cliont, but nothing had 5. Redeemed a gift card for $630 of services been billed or collected View transaction list Journal entry worksheet Record the entry for supplies used during the year. Note: Enter debits before credits Record entry Clear entry View general journal 0 Type hereto search DOLL

Solution

Transaction General Journal Debit Credit 1 Supplies Expense 430 Supplies 430 2 Interest receivable 280 Interest income 280 3 Wages Expense 3900 Wages Payable 3900 4 Accounts Receivable 2300 Advertising Revenue 2300 5. Unearned Revenue 630 Service Revenue 630