2 For each separate case below, follow the 3-step process for adjusting the warned revenue liability 03-10 account at December 31. Step 1: Determine what the current account balance equals. Step 2. Determine Unearne de revenues what the current account balance should cqual. Step 3: Record the December 31 adjusting entry to get adjustments from step 1 to step 2. Assume no other adjusting entries are made during the year. P1 a. Unearned Rent Revenue. The Saudi Company collected $6,000 rent in advance on November 1 debiting Cash and crediting Uncarned Rent Revenue. The tenant was paying 12 months rent in advance and occupancy beytan November 1 b. Unearned Services Revenue. The company charges 575 per month to spray a house for insects. A customer paid $300 on October ) in advance for four treatments, which was recorded with a debit to Cash and a credit to Uncarned Services Revenue. As year-end, the company has applied three treat- ments for the customer c. Unearned Rent Revenue. On September la client paid the company $24.000 cash for six months of rent in advance the client based a building and took ccupancy immediately). The company recorded the cash as Unearned Rent Revenue. Gawad Co receives 510,000 cash in advance for 4 months of legal services on October 1, 2015, and Adjusting for namned revenues records it by debiting Cash and crediting Uncanned Revenue both for $10,000. It is now December 31. P1 2015. and Tao has provided legal services as planned. What adjusting entry should Gawad make to account for the work performed from October through December 31, 2015 Aly started a new publication called Egypt News. Its subscribers pay $24 to receive 12 monthly issues With every new subscriber. Aly debits Cash and credits Uncanned Subscription Revenue for the amounts received. The company has 100 new subscribers as of July 1, 2015. It sends Egypt News to each of these suberibers every month from July through December. Assuming to changes in sub scribers, prepare the journal entry that Aly must make as of December 31, 2015, to adjust the Subscription Revenue account and the Uncanned Subscription Revenue account Osta Accediments P1 For cach separatie case below follow the 3-xicp process for adjusting the accrued expeme account December 31. Step 1: Determine what the current account balance equals Step 2. Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get to step 2. Asume no other adjusting entries are made during the year .. Salaries Payable. At year-end salaries expense of S15,500 has been incurred by the company, but is not yet paid to employees Interest Payable. At its December 3 year-end, the company owes $250 of interest on a line-of-credit koon. That interest will not be paid until sometime in January of the next year c. Interest Payable. At its December 31 year-end, the company holds a mortgage payable that has incurred S875 in annual interest that is neither recorded or paid. The company intends to pay the interest on January 7 of the next year Accring states P1 A1 Mona Mansour employs un college student every summer in her coffee shop. The student was the five weekdays and is paid on the following Monday (For example, a student who works Monday through Friday, June 1 through June 5, is paid for that work on Monday, June 8.) The coffee shop adjusts its books monthly, if needed, to show salaries earned but unpaid at mooth-end. The student works the last week of July-Friday is August 1. If the student carns $100 per day, what adjusting cutry must the coffee shop make on July 3 to correctly record accrued salaries expense for July OS 3-14 Acerede adjustments P1 For each separate cose below, follow the dep process for adjusting the accid revenue account December 31. Step 1: Determine what the current account balance quals. Step 2. Determine what the current account balance should equal. Sicp 3. Record the December 31 adjusting entry to get from top! to step 2. Asume no other adjusting entries are made during the year. Accounts Receivable. Alycar-end the Amal Company has completed services of $19.000 fordi ent, but the client has not yet been billed for the services Interest Receivable. At year-end, the company has earned, but not yet recorded $390 of interest carned from its investments in government bonds c. Accounts Receivable. A painting company collects foes when jobs are complete. The work for one customer, whose job was bid at $1,300, has been completed, but the customer has not yet been hilled