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Record the required adjusting journal entry for transactions

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Question - Mobo, a wireless phone carrier, completed its first year of operations on October 31. All of the year's entries have been recorded, except for the following:

a. At year-end, employees earned wages of $6,300, which will be paid on the next payroll date, November 6.

b. At year-end, the company had earned interest revenue of $3,300. It will be collected December 1.

Required - Record the required adjusting journal entry for transactions (a) and (b).

Reference no: EM133182592

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