Explain what the adjusted journal entry would be for each of the following:

1) John and Nancy were paid a dividend of $12,000.00; dividends were declared July 5 and payable July 20, 2023.

2) No changes to Insurance, Rent, Depreciation for Trucks, Website and Computer equipment for the month of July 2023, as numbers from the June 30, statements. No additional inventory, assets, and equipment has been purchased for the month of July 2023.

3) Bank statements from Bank of Montreal, and CIBC automatically withdraw and deposit all moneys, interest, interest earned and service charges at the end of the month. Bob can forward the email of these expenses when he receives them.

4) Income tax of $650.76 is payable on July 31, the tax rate for July to December is 10% of monthly profit.

5) Our Company has pre-authorized payment with ABC Gas and XYZ Petrol with an email statement to the company email address John will forward these.

6) All Manufacturers Service Weekly Summary of activities which have their payment dates (7 days after Summary is sent) - There are no parts on the summary since they will send the parts the next day because they are warranty claims and our company does not get charged for them

7) All of our customers weekly invoices are received (fully paid by the bank) the Saturday morning to the Cash Account. The weekly summaries from Sunday to Friday are paid Saturday Mornings (next day).

8) The salaries for both John and Nancy are $800.00 per week and are paid every two weeks even when they are away on personal trips (last payment was on July 14th for the first 2 weeks of the month and the third week was accrued showing Wages Payable for $1,600.00). The Accounting Fee will be paid on August 24

9) On July 28th John must repay $31,000.00 of the Short Term Loan to the bank. The cash for the payment is obtained from the sale of Short Term Investments (Tbills).