Indio Company Prepared the Following Adjusting Entries at Year End $\begin{array}{lrr} \text { Interest Expense} &280\\ \text { Interest Payable} & &280\\\end{array}$

Indio Company prepared the following adjusting entries at year end on December 31 2016: (a)
$\begin{array}{lrr} \text { Interest Expense} &280\\ \text { Interest Payable} & &280\\\end{array}$

(b)
$\begin{array}{lrr} \text { Interest Receivable } &540\\ \text { Interest Revenue } &&540\\\end{array}$

(c)
$\begin{array}{lrr} \text { Salaries and Wages Expense } &5,300\\ \text { Salaries and Wages Payable } &&5,300\\\end{array}$
In an effort to minimize errors in recording transactions Indio Company utilizes reversing entries. Prepare reversing entries on January 1 2017.