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5 [The following information applies to the questions displayed below) During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends December 31 a. Paid and recorded wages of $130,000 during Year 1 however, at the end of Year 1, three days' wages are unpaid and have not yet been recorded because the weekly payroll will not be paid to employees unti January 6 of Year 2 Wages for the three days are $4,000 Colected rent revenue of $2,400 on December 12 of Year 1 for office space that Walnut rented to another company The rent collected was for 30 days from December 12 of Year 1 to January 10 of Year 2 of 3 Required: 1. With respect to wages, provide the adjusting entry required at the end of Year 1 and the journal entry required on January 6 of Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ACK View transaction list Pert Journal entry worksheet Record the payment of any unpaid wages from December, Year 1. Note Enter debit before credit General Journal Debit Credit Date January 06 Record entry Clear entry View general journal 6 Required information The following thrormation apples to the questions displayed below) During its first year of operations, Walnut Company completed the following two transactions The annual accounting perlod ends December 31 a Paid and recorded wages of $130,000 during Yeart, however, at the end of Year 1, three days wages are unpaid and have not yet been recorded because the weekly payroll will not be paid to employees until January 6 of Year 2 Wages for the three days are $4.000 . Collected rent revenue of $2,400 on December 12 of Year 1 for office space that Walnut rented to another company The rent collected was for 30 days from December 12 of Year 1 to January 10 of Year 2 Part 2 of 3 10 points 2 with respect to rent revenue, provide the journal entry for the collection of rent on December 12 and the adjusting entry required on December 31. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Print View transaction list Journal entry worksheet

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