Use the information above to answer the following question.If the company is preparing financial statements 3 months after this transaction,what is the necessary adjusting entry? 
Definitions:
Administration
The process or activity of running a business or organization, including management of operations, finances, and personnel.
Computer Applications
Software programs designed to perform specific tasks or functions for users, ranging from productivity to entertainment.
Compensation System
A structured approach by an organization to pay employees, including salary, benefits, bonuses, and other financial rewards.
Compensation System
The structure and methodology an organization uses to compensate its employees, including wages, salaries, benefits, and bonuses.
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