ACCRUED AND PREPAID EXPENSES Woodworks Limited is a furniture manufacturer and retailer. You are closing the books of the Company for the year ennded 30 June 2019. Suggest the appropriate accounting treatment for ther following transactions: 1 The company paid salaries of 7,000 for June 2019 on 4 July 2019. The total salaries for the year 2019 do not already include this figure. 2 On 5 July 2019, the company received utility bills totalling 3,000 3 Annual rent of 10,000 on Outlet A was paid on 1 January 2019 and it was recorded as prepaid rent 4 Semi-annual rent of 3,000 on Outlet B was also paid on 1 April 2019 and the whole amount was charged to the Profit & Loss Statement 5 On 30 June 2019, 5,000 was paid on account of 5-year premium membership of relevant business association Prepare the Accruals and Prepayments journal entries along with the journal entries to be made on the payment date