Both three questions

Review Question 17 Global Printing publishes several magazines. Customers are required to pay magazines in advance. On November 5, Global receives cash of $120,000 in advance for prepaid magazine subscriptions. By the end of November, Global has distributed $20,000 of magazines to customers. Record the November 5 journal entry and the month-end adjusting entry. for Nov NO 5 ash servico Rvee2oo E3-11 Fighting Irish Incorporated pays its employees $5,600 every two weeks s400/day). The current two-week pay period ends on December 28, 2018, and employees are paid $5,600. The next two-week pay period ends on January 11,2019, and are paid $5,600. spbry Expersend employees 1200 (1) Record the adjusting entry on December 31, 2018. (2) Record the payment of salaries on January 11, 2019. (3) Calculate the 2018 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2018 is SO). Review Question 16 Jackson Rental receives its September utility bill of $320 on September 30 but does not pay the bill until October 10. Jackson's accountant records the Utility Expense of $320 on October 10 at the time of payment. Will this cause any of Jackson's accounts to be misstated at the end of September? If so, indicate which accounts and whether each account would be understated or overstated. Page 3 of