[youl1031]

P5.2-Eversure Hospital's readjusted trial balance at December 31 20X1 included the following accounts, among others

Acct
No.

203 Accrued interest payable $ -0-
204 Accrued salaries and wages payable -0-
601 Salaries and wages expense 245,600
608 Interest expenses -0-
250 Bonds payable 120,000

On September 1, 20X1, the hospital issued its $120,000, 8 percent, six-month note to a local bank in connection with a short-term loan. An analysis indicated that employees had earned $33,600 of salaries and wages during 20X1 that had not been paid to them.

Required: Prepare, in general journal form, the necessary adjusting entries at December 31,20X1.

[pready]

You have two adjusting entries; one for the interest due on a note payable and one for salaries to be paid.