1. At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages...

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Accounting

1. At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $16,000. Employees have been paid for work done up to December 27, but the $1,100 they have earned for December 2831 has not yet been paid or recorded.

Prepare the adjusting journal entry on December 31.

Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

2. At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0 and Interest Expense of $0. Interest incurred and owed in December totals $450.

Prepare the adjusting journal entry on December 31.

Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

3. At December 31, the unadjusted trial balance of H&R Tracks reports Software of $24,000 and zero balances in Accumulated AmortizationIntangibles and Amortization Expense. Amortization for the period is estimated to be $4,800.

Prepare the adjusting journal entry on December 31.

Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

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