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3 questions 5. Company Chas two office employees who earn $100 a day each and are paid on Friday for a five-day workweek that begins

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3 questions
5. Company Chas two office employees who earn $100 a day each and are paid on Friday for a five-day workweek that begins on Monday. If December 31 fell on Tuesday, and the two employees worked both on Monday and on Tuesday, what is the amount of accrued salary expense at December 31 for the two employees? A. 200 B. 300 C. 600 D. 400 E. None of the above 6. For Company D, the balance in office supplies on the trial balance is $400 and the balance for office supplies on the adjusted trial balance is $200. What is the amount of the office supplies expense based on these two numbers? A.O B. 400 C. 200 D. 600 E. None of the above Questions 7-10: For each of the following separate cases, prepare adjusting entries required for financial statements for the year ended (date of) December 31, 2019 7. Company X has incurred $2,000 of interest expense? What is the adjusting journal entry to record this adjustment? A. Dr. Interest Expense 2000; Cr. Interest Revenue 2000 B. Dr. Interest Revenue 2000; Cr. Interest Receivable 2000 C. Dr. Interest Expense 2000, Cr. Interest Payable 2000 D. Dr. Interest Payable 2000; Cr. Interest Expense 2000 E. None of the above

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