8. Great Kids had 50 employees in 2010 each of whom receive a weekly wage of $1,000 payable on Tuesday each week for the week ending on Tuesday. The next payday was Aug 3, 2010 Tuesday. Make necessary journal entries related to the employee wages. What adjusting entry should be made on July 31, 2010? What journal entries should be made on Aug 3, 2010? 9. Great kids bought an equipment that has an estimated useful life of 5 years for $12,000 with cash on Dec 1, 2010. Make journal entries related the purchase on Dec 1, 2010 and deprecation on Dec 31, 2010. (Use straight line to depreciation 12,000 over 5 years). What was the book value of the equipment on Dec 31, 2010