63 a-d

12 63. (12 points) Prepare the December 31 adjusting entries needed for the following them. a (3 points) Lowe's has four employees who earn $90 per day per person Al December 31. three days' salaries have been earned by employees but not paid b. (3 points) A customer paid Lowe's $12,000 on November 1 of the current year for Services to be rendered evenly each month from November 1 through March 31, the following year. The $12,000 receipt was credited to a liability account c. (3 points) Lowe's started the year with $7500 of lawn care supplies on hand. It purchased $5,800 more during the year and has $300 on hand at December 31. Lowe's recognizes supplies as an asset when acquired. (3 points) On November 1, one of Lowe's customers gave Lowe's a $9,000 three-month, 5% interest, note to satisfy their accounts receivable balance