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Caulfield Traders pay their 3 employees $2,000 each for 2 weeks (10 working days) on a Wednesday. At month end the 3 employees are owed

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Caulfield Traders pay their 3 employees $2,000 each for 2 weeks (10 working days) on a Wednesday. At month end the 3 employees are owed wages for the days they worked at the end of the month. Select each of the parts of the journal entry: Select one or more: a. Dr Wages $6,000 b. Cr Wages Payable $6,000 C. Cr Wages Payable $1,400 d. Cr Wages $4,200 e. Cr Wages Payable $4,200 f. Dr Wages Payable $1,400 g. Dr Wages $1,400 h. Dr Wages $4,200 i. Cr Wages $1,400 j. Dr Wages Payable 4,200 DOOD Clayton Traders paid their annual Insurance premium of $12,000 on 1 April 2019. Clayton Traders used the asset method when recording the insurance payment. Select each of the parts of the journal entry as at 31 December 2019 if no prior balance day adjustment entry has been recorded: Select one or more: a. Cr Prepaid Insurance $9,000 b. Dr Prepaid Insurance $9,000 c. Dr Insurance expense $3,000 d. Cr Insurance expense $3,000 e. Cr Insurance expense $9,000 f. Cr Prepaid Insurance $3,000 g. Dr Prepaid Insurance $3,000 h. Dr Insurance expense $9,000 Caulfield Traders commenced December with $5,000 packing supplies on hand. During December it purchased packing supplies for $20,000. Packing supplies on hand at 31 December 2019 were $9,000. As Caulfield Traders adopts the expense method for recording packing supplies, select each of the parts of journal entry: Select one or more: a. Cr Supplies Expense $21,000 b. Dr Supplies on Hand $12,000 c. Dr Supplies on Hand $21,000 d. Dr Supplies on Hand $4,000 e. Dr Supplies Expense $21,000 f. Cr Supplies Expense $12,000 g. Cr Supplies on Hand $21,000 h. Cr Supplies Expense $4,000 Caulfied Traders has made a term deposit of $200,000 at the ZNA Bank. The terms of the term deposit are 8% per annum simiple interest and interest is to be received monthly. Select each of the parts of the monthly journal entry: Select one or more: a. Cr Interest Expense $16,000 b. Dr Interest Receivable $16,000 c. Cr Interest Revenue $1,333 d. Dr Interest Receivable $1,333 e. Dr Interest Revenue $1,333 f. Dr Term Deposit $16,000 9. Dr Term Deposit $1,333 h. Cr Interest Revenue $16,000

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