For each of the following separate situations, determine the amount of expense each company should recognize in December $($using

accrual basis accounting$).$

a$.$ Chipotle has monthly wages expense of $$5,600$ that has been incurred but not paid as of December $31.$

b$.$ United Airlines purchases a $24-$month insurance policy for $$84,000$ on December $1$ for immediate coverage.

c$.$ On December $15,$ Pfizer prepays $$44,000$ for hotel rooms for its January sales meeting.