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E4-8 Recording Transactions Including Adjusting and Closing Entries (Nonquantitative) LO4-1, 4-4 The following accounts are used by Britt's Knits Inc. Code Accounts A Cash B Office supplies Accounts receivable D Office equipment Accumulated depreciation F Note payable G Wages payable H Interest payable I Deferred service revenue Code Accounts J Contributed capital K Retained earnings L Service revenue M Interest revenue N N Wage expense 0 Depreciation expense P Interest expense Q Supplies expense R None of the above Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate code(s) from the drop-down menu and enter the amount(s). The first transaction is used as an example. Debit Credit Code Amount 1,250 Code G Amount 1,250 N d. Independent Situations Accrued wages, unrecorded and unpaid at year-end, $1,250. b. Service revenue earned but not yet collected at year-end, $1,450 c. Dividends declared and paid during the year, $1,750. Office supplies on hand during the year, $1,250; supplies on hand at year-end, $330. e. Service revenue collected in advance and not yet earned, $1,650. f. Depreciation expense for the year, $2,700. g. At year-end, interest on note payable not yet recorded or paid, $390. h. Balance at year-end in Service Revenue account, $73,000. Give the closing entry at year-end. i. Balance at year-end in Interest Expense account, $630. Give the closing entry at year-end