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3 For each of the following transactions (a) through (C) for Catena's Marketing Company, prepare the adjusting entry. The process includes (1) determining if revenue was earned or an expense was incurred. (2) determining whether cash was received or paid in the past or will be received or paid in the future, and (3) computing the amount of the adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points Skipped a. Estimated electricity usage at $450 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $6,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent. c. Owed wages to 10 employees who worked four days at $200 each per day at the end of the current year. The company will pay employees at the end of the first week of next year. cBook View transaction list Print O References Journal entry worksheet Record the adjusting journal entry for the year ended December 31 related to electricity Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 3 For each of the following transactions (a) through ( for Catena's Marketing Company, prepare the adjusting entry. The process includes (1) determining if revenue was earned or an expense was incurred, (2) determining whether cash was received or paid in the past or will be received or paid in the future, and (3) computing the amount of the adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points Skipped a. Estimated electricity usage at $450 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $6,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent. c. Owed wages to 10 employees who worked four days at $200 each per day at the end of the current year. The company will pay employees at the end of the first week of next year. eBook View transaction list Print References Journal entry worksheet Record the adjusting journal entry for the year ended December 31 related to the loan. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal 3 For each of the following transactions (a) through (C) for Catena's Marketing Company, prepare the adjusting entry. The process includes (1) determining if revenue was earned or an expense was incurred, (2) determining whether cash was received or paid in the past or will be received or paid in the future, and (3) computing the amount of the adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points Skipped a. Estimated electricity usage at $450 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $6,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent. c. Owed wages to 10 employees who worked four days at $200 each per day at the end of the current year. The company will pay employees at the end of the first week of next year. eBook Print View transaction list References Journal entry worksheet Record the adjusting journal entry for the year ended December 31 related to the wages. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general Journal

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