Prepare the adjusting journal entries for the following transactions.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Supplies for office use were purchased during the year for $740, of which $220 remained on hand (unused) at year-end.

Interest of $370 on a note receivable was earned at year-end, although collection of the interest is not due until the following year.

At year-end, salaries and wages payable of $4,800 had not been recorded or paid.

At year-end, one-half of a $3,200 advertising project had been completed for a client, but nothing had been billed or collected.

Redeemed a gift card for $720 of services.

Answer rating: 100% (QA)

Here are the adjusting journal entries for the provided transactions 1 Supplies Ex... View the full answer