Question: Any help with these two pages would be awesome. Intermediate Accounting. Thank you Wages Due On Friday, 08-27-19, Johnson paid weekly wages of $10,000. Johnson

Any help with these two pages would be awesome. Intermediate Accounting. Thank you

Any help with these two pages would be awesome. Intermediate Accounting. Thankyou Wages Due On Friday, 08-27-19, Johnson paid weekly wages of $10,000.

Wages Due On Friday, 08-27-19, Johnson paid weekly wages of $10,000. Johnson has a 5-day es of $10,000. Johnson has a 5-day work week.. Debit Credit Adjusting Journal Entry: Record the entry needed at the end of August to show that two days (8-30 & 8-31) of wages are due. Debit Credit 4. ACCRUING UNCOLLECTED & UNRECORDED REVENUE a. Sale Was Made-Invoice Not Sent On August 31, 2019, Johnson sold a printer for $250, but the invoice wasn't prepared, nor sent to the customer. Adjusting Journal Entry: Record the entry needed at the end of August to show that a sale was made and revenue was earned. Debit Credit b. Revenue earned for a loan made to another person or company On 09-30-19, Johnson lent $60,000 to a friend at 10% (yearly rate), for 1 year. Debit Credit Adjusting Journal Entry: Record the entry needed at the end of October to show that one month of unpaid & unrecorded interest was earned. First, record the proper amount of interest. Then, record interest earned for the month of October. Debit Credit CRUING UNPAID & UNRECORDED EXPENSES Interest Owed 06-30-19, Johnson borrowed $24,000 from a local bank at 6% (yearly rate), for 1 year. Debit Credit Adjusting Journal Entry: Record the entry needed at the end of July to show that one month of unpaid & unrecorded interest must be accrued. First, record the proper amount of interest. Then, record interest expense for the month of July. Debit Credit b. Liability Was Incurred - Bill Not Received Johnson never received the water bill for July. Normally this utility bill is about $100 per month. Adjusting Journal Entry: Record the entry needed at the end of July to accrue the amount of $100. Debit Credit

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