Hangzhou Corporation had the following selected transactions in the month of November. The company adjusts its accounts monthly.

1. Hangzhou has a biweekly payroll of $6,000. Salaries are normally paid every second Monday for work completed for the two preceding weeks. Employees work a five-day week, Monday through Friday. Salaries were last paid Monday, November 23, and will be paid next on Monday, December 7.

2. The company has a 7%, $20,000 note payable due September 1 of the next year. Interest is payable the first of each month. It was last paid on November 1, and will be paid next on December 1.

3. At the end of November, Hangzhou has $1,000 of invoices that have not yet been sent to customers. It mails these invoices on December 1, and collects the amounts due on December 21.

4. At the end of November, the company earned $10 interest on the cash in its bank account. The bank deposited this amount in the company's bank account on November 30, but the company did not learn of the interest until it received its bank statement on December 4.

5. At the end of November, it was estimated that the company owed $1,000 of income tax. This amount was paid on December 18.

Instructions

(a) For each of the above situations, prepare the monthly adjusting journal entry required at November 30.

(b) Prepare any subsequent transaction entries that occur in the month of December