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A review of the ledger of a company at December 31,2025, produces the following data...

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Accounting

A review of the ledger of a company at December 31,2025, produces the following data pertaining to the preparation of annual adjusting entries: (a) Salaries and Wages Payable, $0: Salaries are paid every Friday for the current week. Five employees receive a weekly salary of $800, and three employees earn a weekly salary of $700. December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December. (b) Unearned Rent Revenue, $60,000: The company had several lease contracts during the year as shown below: Total Rent Term per Number of Date (in months) lease leases Oct. 112 $ 8,0003 Dec. 11218,0002(c) Notes Receivable, $90,000: This is a 6-month note, dated November 1,2025, with a 6% interest rate. Instructions: Prepare the adjusting entries at December 31,2025. Show all computations.

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