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Show accounting equation effects of each required adjustment

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Mobol, a wireless phone carrier, completed its first year of operations on December 31, 2017. All of the 2017 entries have been recorded, except for the following:

  1. At year-end, employees earned wages of $3,800, which will be paid on the next payroll date, January 13, 2018.
  2. At year-end, the company had earned interest revenue of $2,800. It will be collected March 1, 2018.

Problem 1: Show the accounting equation effects of each required adjustment.

Reference no: EM132678618

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