A review of the ledger of Wilde Co. at December 31, 2014, produces the following data pertaining to the preparation of annual adjusting entries:
(a) Salaries and Wages Payable $0: Salaries are paid every Friday for the current week. Five employees receive a weekly salary of $800, and three employees earn a weekly salary of $700. December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December.
(b) Unearned Rent Revenue $58,000: The company had several lease contracts during the year as shown below: 
(c) Notes Receivable $90,000: This is a 6-month note, dated November 1, 2014, with a 6% interest rate.
Instructions:
Prepare the adjusting entries at December 31, 2014. Show all computations.
Definitions:
Clean Economy
An economy that produces goods and services with environmental benefit.
Chief Sustainability Officer
A corporate executive responsible for integrating and managing an organization’s sustainable practices, ensuring environmental, social, and economic viability.
Energy-efficiency
The goal or method of reducing the amount of energy required to provide products and services.
Ecologically Sustainable
Practices and processes that preserve environmental resources for future generations while meeting current needs.
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