1 ACC-220 E3-6 Name: Adjusting entries Debit Credit a. 2 Prepare year-end adjusting entries for M&R Company as of December 31 for each of the following separate cases a-f 3 Entries can draw from the following accounts from the chart of accounts: 4 5 6 7 8 a 9 10 11 12 b. 13 14 15 c 16 17 18 19 d. 201 21 22 23 e 24 25 26 27 f. 28 29 30 31 Cash, Accounts Receivable, Interest Receivable, Equipment, Wages Payable, Salary Payable, Interest Payable, Lawn Services Payable, Unearned Revenue, Revenue, Interest revenue, Wages Expense, Salary Expense, Supplies Expense, Lawn Services Expense, and Interest Expense M&R Company provided $2,000 in services to customers who are expected to pay the company sometime in January following the company's year-end. Wage expenses of $1,000 have been incurred but are not paid as of December 31. M&R Company has a $5,000 bank loan and has incurred (but not recorded) 8% interest expense of $400 for the year ended December 31. The company will pay the $400 interest in cash on January 2 following the company's year-end. M&R Company hired a firm to provide lawn services during December for $500. M&R will pay for December lawn services on January 15 following the company's year-end. M&R Company has earned $200 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. Salary expenses of $900 have been earned by supervisors but not paid as of December 31. b. c. d. e f. 32