For each of the following, Joumalize the necessary adjusting entry. Omit explanations. If an amount box does not require an entry, leave it blank. a. A business pays weekly salaries of $22,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that the fiscal period ends: 1. On Tuesday Salaries Expense 8.800 Salaries Payable 4400 2. On Wednesday Salaries Expense Salaries Payable b. The balance in the prepaid Insurance account before adjustment at the end of the year is $18,000. Journalize the adjusting entry required under each of the following alternatives: 1. The amount of insurance expired during the year is $5,300 Insurance Expense Prepaid Insurance 2. The amount of unexpired Insurance applicable to a future period is $2,700, Insurance Expense Prepaid Insurance c. On July 1 of the current year, a business pays $54,000 to the city for taxes (license fees) for the coming fiscal year. Journalize the adjusting entry required to bring the accounts affected by the taxes up to date as of July 31 Previous Next Salaries Payable 4,400 2. On Wednesday Salaries Expense Salaries Payable b. The balance in the prepaid Insurance account before adjustment at the end of the year is $18,000. Journalize the adjusting entry required under each of the following alternatives: 1. The amount of insurance expired during the year is $5,300, Insurance Expense Prepaid Insurance 2. The amount of unexplred insurance applicable to a future period is $2,700. Insurance Expense Prepaid Insurance c. On July 1 of the current year, a business pays $54,000 to the city for taxes (license fees) for the coming fiscal year. Journalize the adjusting entry required to bring the accounts affected by the taxes up to date as of July 31 Prepaid Taxes Taxes Expense d. The estimated depreciation on equipment for the year is $32,000 Depreciation Expense Accumulated Depreciation All work saved Submit Test for Grading