a. A business pays weekly salaries ot $22,000 on Friday for a 5-day work week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that the fiscal period ends (1) on Tuesday or (2) on Wednesday b. The balance in the prepaid insurance account before adjustment at the end of the year is $18,000 Joumalize the adjusting entry required under each of the following alternatives: (1) the amount of insurance expired during the year is $5,300 or (2) the arnount of unexpired insurance applicable to a future period is $2,700. c. On July 1 of the current year, a business pays $54,000 to the cily for license taxes for the coming tiscal year. The same business is also required to pay an annual property tax at the end of the year. The estimated amount of the current year's property tax allocated to July is $4,800 (1) Journalize the two adjusting entries required to bring the accounts aflecled by the taxes up to date as of July 31 . (2) What is the amount of tax expense for July? d. The estimated depreciation on equipment for the year is $32,000. Required: For each of the above transactons, Journafize the necessary adjusbng enmes. Refer to the Chart of Accounts for exactwording of account vities