The December 31 financial statements of Jagger Company included the effects of the following transactions recorded on December 31:
a. Wages of $6,800 were recorded. These wages will be paid on January 2.
b. Interest expense of $750 that will be paid on February 1 was recorded.
c. Interest revenue of $300 that will be paid on March 1 was recorded.
Required: Prepare the reversing entries for these transactions.

Question

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The Answer of The December 31 financial statements of Jagger Company included the effects of the following transactions recorded on December 31:
a. Wages of $6,800 were recorded. These wages will be paid on January 2.
b. Interest expense of $750 that will be paid on February 1 was recorded.
c. Interest revenue of $300 that will be paid on March 1 was recorded.
Required: Prepare the reversing entries for these transactions.

The December 31 Financial Statements of Jagger Company Included the Effects