Also Complete

income statement, Owners equity statement, balance sheet, cash flow statement

P3-4A A review of the ledger of D. J. Moore Company at December 31, 2012, produces the following data pertaining to the preparation of annual adjusting entries. Preparing adjusting entries. (SO 5, 6) 1. Salaries and Wages Payable $0. There are eight salaried employees. Salaries are paid every 1. Salaries and wages Friday for the current week. Five employees receive a salary of $900 each per week, and three exnse $2,640 3 Adjusting the Accounts employees earn $700 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December nt revenue $84,000 2. Unearned Rent Revenue $354,000. The company began subleasing office space in its new building on November 1. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease. Term (in months) Number of Leases Date Nov. 1 Dec. 1 Monthly Rent $5,000 $8,500 4 vertising expense 200 3. Prepaid Advertising $15,600. This balance consists of payments on two advertising contracts. The contracts provide for monthly advertising in two trade magazines. The terms of the con- tracts are as follows. Number of Magazine Date May 1 Oct. 1 The first advertisement runs in the month in which the contract is signed. Contract A650 B974 Amount $6,000 9,600 Issues 12 24 terest expense $6,300 4. Notes Payable $120,000.This balance consists of a note for one year at an annual interest rate of 9%, dated June 1