For each of the following transactions a through c for Catena's Marketing Company, prepare the adjusting entry at the end of the current year, December The process includes determining if revenue was earned or an expense was incurred and determining whether cash was received or paid in the past or will be received or paid in the future.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your final answers to nearest whole dollar value.
Estimated electricity usage at $ for December; to be paid in January of next year.
On September of the current year, loaned $ to an officer who will repay the loan principal and interest in one year at an annual interest rate of percent.
Owed wages to employees who worked four days at $ each per day at the end of the current year. The company will pay employees at the end of the first week of next year.
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