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	$	18,300		Service revenue	$	149,400
Interest receivable		0		Interest revenue		0
Salaries payable		0		Supplies expense		0
Deferred revenue		12,900		Salaries expense		68,500

1.	Supplies remaining at the end of the year.	$	8,300
2.	Services remaining to be provided to customers who paid in advance.		4,300
3.	Employees are owed additional salaries at the end of the year.		9,400
4.	A note receivable was accepted on March 31.		9,800
	Interest rate on note		8	%

Required: 1. Prepare the adjusting journal entries based on the results of your revised spreadsheet.

• Record the adjusting entry for supplies expense if supplies on hand at the end of the year were $8,300.

Note: Enter debits before credits.

	Transaction General Journal Debit Credit 1

• Record the adjusting entry for services remaining to be provided to customers who paid $4,300 in advance.

Note: Enter debits before credits.

	Transaction General Journal Debit Credit 2

• Record the adjusting entry for additional salaries of $9,400 owed to employees at the end of the year.

Note: Enter debits before credits.

	Transaction General Journal Debit Credit 3

• A note receivable of $9,800 was received on March 31 with an interest rate of 8%. Record the adjusting entry for interest on the Note Receivable at year end.

Note: Enter debits before credits.

	Transaction General Journal Debit Credit 4

2. Complete the table below with the new balances in each account:

	Adjusted Year End Balances Supplies Service revenue Interest receivable Interest revenue Salaries payable Supplies expense Deferred revenue Salaries expense

3. Now assume supplies on hand at the end of the year were $15,800, and services remaining to be provided to customers were $6,800. Enter the recalculated values below:

	Supplies expense Service revenue