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For each of the following, journalize the necessary adjusting entry. Omit explanations. If an amount box does not require an entry, leave it blank. a.

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For each of the following, journalize 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 2. On Wednesday 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 2. The amount of unexpired insurance applicable to a future period is $2,700. ARAVE

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