Four Transactions Are Given Below That Were Completed During 20X1 $$\begin{array} { | l | r | r | } \hline \text { Office supplies inventory } & \$ 500 & \\\hline \text { Cash } & & 500 \\\hline\end{array}$$

question 6

Essay

Four transactions are given below that were completed during 20X1 by Wren Company. The annual accounting period ends December 31. Each transaction requires an adjusting entry at December 31, 20X1. You are to provide the adjusting entries required for Wren Company.
A. On December 31, 20X1, Wren Company owed employees $1,750 for wages that were earned by them during December and were not recorded. December 31, 20X1--Adjusting entry:
B. During 20X1, Wren Company purchased office supplies that cost $500 which were placed in the supplies room for use as needed. The purchase was recorded as follows: 20X1: $$\begin{array} { | l | r | r | } \hline \text { Office supplies inventory } & \$ 500 & \\\hline \text { Cash } & & 500 \\\hline\end{array}$$ At the beginning of 20X1, the inventory of unused office supplies was $75. At the end of 20X1, a count showed unused office supplies in the supply room amounting to $100. December 31, 20X1--Adjusting entry:
C. On December 1, 20X1, Wren Company rented some office space to another party. Wren collected $900 rent for the period December 1, 20X1, to March 1, 20X2. The rent collected was recorded as follows: December 1, 20X1: $$\begin{array} { | l | r | r | } \hline \text { Cash } & \$ 900 & \\\hline \text { Unearned rent } & & 900 \\\hline\end{array}$$ December 31, 20X1--Adjusting entry:
D. On June 1, 20X1, Wren Company borrowed $2,000 cash on a one-year, 10% interest-bearing, note payable. The interest is payable on the due date, May 31, 20X2. The note was recorded as follows: June 1, 20X1: $$\begin{array} { | l | r | r | } \hline \text { Cash } & \$ 2,000 & \\\hline \text { Notes payable } & & 2,000 \\\hline\end{array}$$ December 31, 20X1--Adjusting entry:

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