Mobo, a wireless phone carrier, completed its first year of operations on October 31. All of the year's entries have been recorded, except for the following:

Mobo, a wireless phone carrier, completed its first year of operations on October 31. All of the year's entries have been recorded, except for the following:

a.	At year-end, employees earned wages of $7,900, which will be paid on the next payroll date, November 6.
b.	At year-end, the company had earned interest revenue of $4,900. It will be collected December 1.

Required:

Record the required adjusting journal entry for transactions (a) and (b). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)