1. On Septermber 1, the company prepaid a one-year insurance policy for $12,000, and that is the amount on the December 31 unadjusted trial balance. The year-end adjusting journal entry would include (choose two accounts and one amount)

A. Dr. Insuance payable

B. Cr. Insuance payable

C. Dr. Insurance expense

D. Cr. Insurance expense

E. Dr. Prepaid insurance

F. Cr. Prepaid insurance

G. $1,000

H. $4,000

I. $8,000

J. $11,000

K. $12,000

2.

Employees worked and earned $20,000 at the end of the year and will be paid after year-end. Nothing has been recorded on the year-end unadjusted trial balance. The year-end adjusting journal entry would include (choose two accounts and one amount)

A. Dr. Wages payable

B. Cr. Wages payable

C. Dr. Wages expense

D. Cr. Wages expense

E. Dr. Wages receivable

F. Cr. Wages receivable

G. $0

H. $20,000

I. Some other amount