1- Reverse (and post) the closing entry(ies) that you previously made for the following: a. Gee Wiz Typically pays employees twice a month (on the second and fourth Thursdays off the month). The payment is for the work performed the previous two weeks (for example, in February Gee Wiz will pay salaries of $1,500 on Thursday, February 10 for work performed from Monday January 24th through Friday February 4th. Gee Wiz will pay salaries of $1,500 on Thursday, February 24 for work performed from Monday February 7th through Friday February 18th, etc...) Record the appropriate Accrual for January. 2- Prepare and post journal entries for the following items: a. 2/1/2022 Gee Wiz has decided to expand its operations into the retail sales business. In anticipation of the new venture Gee Wiz has purchased 100,000 "Wiz- its" (similar to a Widget). The invoice for the Wiz-its contains the following pertinent information: Purchase Price: $95,000. Terms: 2/10, n/30. FOB Destination. Gee Wiz determined that shipping costs were $500. Gee Wiz has elected to use the Gross Method. (record the Wiz-its cost to the Purchases account). b. 2/4/2022 - Friday, February 4th represents the end of the two week pay period. Record the appropriate entry. (remember, salaries are currently $1,500 for the two week period) C. 2/10/2022Gee Wiz pays salaries for the pay period that ended February 4th. d. 2/10/2022 Gee Wiz paid the invoice for the Wiz-its purchase from 2/1/2022. e. 2/15/2022 Gee Wiz purchased $5,000 of supplies on account, and consumed $1,000 of them. f. 2/18/2022 - Gee Wiz performed services and billed its client $15,000 g. 2/18/2022 - Gee Wiz paid $200 for a radio advertisement