b. Without any adjustments, what would the effect on the following items in the financial statements (overstated, understated or correctly stated): (c.1) August expenses (c.2) August profit (c.3) August 31 liabilities (c.4) August 31 owner's equity c. What should be the adjusting entry of Leo Farm by August 31 to reflect the expenses already incurred? d. What would be the journal entry of Leo Farm upon payment of wages on September 1? (5) Salaries and wages (case 2) RNB Laundry Solutions pays its staff on a bi-weekly basis on a 5-day workweek. Recurring bi-weekly salaries of the staff amount to P6,500. RNB Laundry Solutions prepared its financial statements on July 31, 2023. Remaining workdays in July since the last pay day are July 29, 30 and 31. Questions: a. How much salaries expense should be accrued by RNB Laundry Solutions on July 31? b. What should be the adjusting entry of RNB Laundry Solutions on July 31 to reflect the expenses already incurred