Record the adjusting journal entries that should be made for Gates Company at December 31, 2013.
1) Recognized $3,500 of salaries expense for the last several days of December.
2) Earlier in the period $800 of supplies were purchased. As of December 31, 2011, the company had $220 of the supplies still on hand.
3) On October 1, a customer had made an advance payment of $32,000 for services to be rendered over a 6-month period beginning October 1.

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The Answer of Record the adjusting journal entries that should be made for Gates Company at December 31, 2013.
1) Recognized $3,500 of salaries expense for the last several days of December.
2) Earlier in the period $800 of supplies were purchased. As of December 31, 2011, the company had $220 of the supplies still on hand.
3) On October 1, a customer had made an advance payment of $32,000 for services to be rendered over a 6-month period beginning October 1.

Record the Adjusting Journal Entries That Should Be Made for Gates