Using the information in M4- 3, prepare the adjusting journal entries required.

Transaction Type of Adjustment l. Supplies for office use were purchased during the year A. Accrual adjustment B. Deferral adjustment for $500, of which $100 remained on hand (unused) at year-end 2. Interest of $250 on a note receivable was earned at year end, although collection of the interest is not due until the following year. not been recorded or paid. been completed for a client, but nothing had been billed 3. Atyear-end, salaries and wages payable of $3,600 had -4. At year-end, one-half of a $2,000 advertising project had or collected. 5. Redeemed a gift card for $600 of services.