Using the worksheet you completed in Part 1, revise the given year end information with the following values and then answer the questions below:
Select year end company accounts and additional information:
Account Name Account Balance Account Name Account Balance
Supplies $13,500 Service revenue $146,200
Interest receivable 0 Interest revenue 0
Salaries payable 0 Supplies expense 0
Deferred revenue 8,100 Salaries expense 65,300
1. Supplies remaining at the end of the year. $ 5,100
2. Services remaining to be provided to customers who paid in advance. 2,500
3. Employees are owed additional salaries at the end of the year. 6,200
4. A note receivable was accepted on March 31. 6,600 Interest rate on note 8 %
Required: Prepare the adjusting journal entries based on the results of your revised spreadsheet.