ezto.mheducation.com/hm.tpx e: 33 points repare the adjusting journal entries fo

Question

ezto.mheducation.com/hm.tpx e: 33 points repare the adjusting journal entries for the following transactions. (If no entry is required for a ransaction/even nt, select No Journal Entry Required in the first account fid) Supplies for office use were purchased during the year for $500, of which $100 remained on hand 2. interest of $250 on a note receivable was eamed at year-end, although collection of the interest is not (unused) at year-end. due until the following year 3. At year-end, salaries and wages payable of $3,600 had not been recorded or paid 4. At year-end, one-half of a $2,000 advertising project had been completed for a client, but nothing had been billed or collected 5. Redeemed a gift card for $600 of services View transaction list Journal entry worksheet Record the entry for supplies used during the year. Note: Enter debits before credits General Journal Debit Credit Transaction O Type here to search

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Debit Credit Supplies expense DR                  400.00 To Supplies                  400.00 (500 - 100) Interest receivable Dr                  250.00 To Interest Revenue                  250.00 Salaries and wages expense DR              3,600.00 To Salaries and wages payable              3,600.00 Accounts receivable Dr              1,000.00 To Interest Revenue              1,000.00 (2000 / 2) Unearned revenue DR                  600.00 To Revenue                  600.00

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