Question: Please record the following transaction. For each transaction, please write down: (1) which accounts are affected by the transaction, (2) the direction of the change

Please record the following transaction. For each transaction, please write down: (1) which accounts are affected by the transaction, (2) the direction of the change (+ or -), and (3) the amount of the change. For example:

Cash Retained Earnings

+100 +100 (Sales)

At March 31, SMMS Corporate owes $4,400 for wages to be paid on April 7. What adjusting entry is needed on March 31?

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