7. On July t, a company paid the $2,400 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense be for the first year ended December 31? A. $2,400. B. $1.200, C.$400, D. $1.400 8- Unearned revenue is reported in the financial stafements as: A. A liability on the balance sheet. B. A revenue on the balance sheet. C. An asset on the balance sheet D. An uneamed revenue on the income statement 9. The adjusting entry at the end of an accounting period to record the umpald salaries of employees for work provided is A. Debit Unpaid Salaries and credit Salaries Payable C. Debit Salaries Expense and credit Salaries Payable B. Debit Cash and credit Salaries Expense. D. Debit Salaries Expense and credit Cash 10-On April 1, Griffith Publishing Company recelved $4.320 froms a clieat for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount recelved and the subscriptions started immediately. Assuming adjustments are only made at year-rnd what is the adjustieg entry that should be recorded by Griffith Publishing Company on December 31 of the first year? Fees Eamed, $1,080 A. debit Unearned Fees, $1,080, credit C. debit Uneamed Rees, 3129, credis Fees Eamed, $129 D. debist Unearned Fees, $516, credit Fees Earmed, 5516 B. debit Uneaned Fees, $3,240, credilFees Eamed, $3.240 Abdulah Given the choices below, determine the journal entry that Andullad Consulting wl make to record this tranuactlon at the end of the Consulting did not pay $500 for utiities for the current month I1. 500 500 A Prepaid Uuilities Accounts Payable s00 500 B. Ulities Expese 500 Accouats Payable Accounts Payable D. Uvilities Expense