For each of the following, journalize the necessary adjusting entry: a. A business pays weekly salaries of $22,000 on Friday for a 5 -day work week ending on that day. Journalize the necessary adjusting entry at the end period, assuming that the fiscal period ends on the following day. If an amount box does not require an entry, leave it blank. (1) Tuesday Feedback * Check My Wark Partially oorrect (2) Wednesday Feedlock T Cheok My Work Partially cortect b. The balance in the prepaid insurance account before adjustment at the end of the year is 518,000. Journalize the adjusting entry required under each o alternatives, If an amount box does not require an entry, leave it blank. (1) The amount of insurance explred during the vear is $5,300. The balance in the orepaid Insurance account before adjustment at the end of the vear is $18,000. Journalize the adjusting entry required under each of the fo iternatives. If an amount box doos not require an entry, leave it blank. 1) The amount of insurence expired during the year is $5,300. f rosesch * cleck Wrok inarect (2) Assume the same facts except that the amount of unexpired insurance applicable to a future period is $2,700. Wisifich Fched lay wis Ifichich c. On July 1 of the current yeac, a business pays $54,000 to the city for license taxes for the coming fiscal year. The same business is also required to pay an annual property tax at the end of the year. The esumated amount of the current year's property tax allocated to July is 54,800 . (1) Joumalize the two adjusting entries reouired to bring the accounts affected by the taxes up to date as of July 31 . On July 1 of the current year, a busines5 pays $54,000 to the city for license taxes for the coming fiscal year, The same business is also required to pay an annual perty taxat the end of the year. The estimated amount of the current year's property tax allocated to July is $4,800. Joumalize the two adjusting entries required to bring the accounts affected by the taxes up to date as of July 31. Fendtack * crid hy won incortect (2) What is the amount of tak expense for July? Thentisen F chegk ty wiok incorted d. The estmated depreciation on equipment for the year is $32,000