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confused on these! A company's five-day weekly payroll of $1,740 is paid on Fridays. Assume that the last day of the month falls on Tuesday.

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A company's five-day weekly payroll of $1,740 is paid on Fridays. Assume that the last day of the month falls on Tuesday. Which of the following is the required adjusting entry for the month end? Debit Salaries Expense $696 and credit Salaries Payable $696. Debit Salaries Expense $1,044 and credit Salaries Payable $1,044. Debit Unpaid Salaries $696 and credit Salaries Payable $696. Debit Salaries Payable $1,044 and credit Salaries Expense $1,044. Use FedEx's adjusted trial balance to answer the next two questions. It was prepared before closing entries. All amounts are in millions of dollars. FedEx's journal entry to close the revenue and expense accounts should include a: Debit to Retained earnings for $65,450 million. Credit to Fuel and repair expense for $5,996 million. Credit to Sales for $65,450 million. Debit to Salaries Expense for $23,207 million. Question 15 (2 points) The Retained earnings balance shown on FedEx's May 31, 2018 balance sheet (i.e., ENDING Retained Earnings) is: . Note that The FedEx's adjusted trial balance shows a Dividends balance. $16,802 million. $12,230 million. $16,267 million. $17,337 million. Use the following information to answer questions 16 and 17. On June 21, 2019, Peach Corporation paid for rent through August. On August 31, On June 21, 2019. Peach Corporation paid for rent through August. On August 31, 2019. Peach Corporation paid $20,000 in advance for the next five months of rent. The company records adjusting entries at the end of each month. Question 16 ( 2 points) How much is Rent Expense on the Income Statement for the month ending October 31,2019? $4,000 $12,000 $20,000 $8,000 Question 17 (2 points) How much is Prepaid Rent on October 31, 2019 Balance Sheet? $12,000 $4,000 $8,000 $20,000 On June 21, 2019. Peach Corporation paid for rent through August. On August 31, 2019. Peach Corporation paid $20,000 in advance for the next five months of rent. The company records adjusting entries at the end of each month. Question 16 ( 2 points) How much is Rent Expense on the Income Statement for the month ending October 31,2019? $4,000 $12,000 $20,000 $8,000 Question 17 (2 points) How much is Prepaid Rent on October 31, 2019 Balance Sheet? $12,000 $4,000 $8,000 $20,000

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