Refer to E4-4.
E4-4
Mobo, a wireless phone carrier, completed its fi rst year of operations on December 31, 2012. All of the 2012 entries have been recorded, except for the following:
a. At year-end, employees earned wages of $6,000, which will be paid on the next payroll date, January 6, 2013.
b. At year-end, the company had earned interest revenue of $3,000. It will be collected March 1, 2013.
Required:
Record the required adjusting journal entry for transactions (a) and (b).