At the End of the Annual Accounting Period, the Adjusting

question 98

Essay

At the end of the annual accounting period, the adjusting entries for the following three items have n been made. You are to provide the 20B adjusting entry for each item.
A. Unpaid wages for the last two days of December, 20B amounting to $3,200 have not been recorded (disregard payroll taxes).
B. On December 1, 20B rent revenue of $600 was collected for December and January. (Rent revenue was credited for a total of $600).
C. A $4,000, six-month, 10% interest-bearing note payable was singed on October 1, 20B.

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