Glich Computers, which has a fiscal year that ends on June 30, provided the following information as of June 30, 20X1.

a) Weekly salaries of $18,000 are paid on Monday for the preceding week. June 30 20X1 was a Wednesday.

b)A one-year note payable for $60,000 is due on December 31, 20X1. The 13.59 note was signed on December 31,20X0. All interest will be paid on the due date.

c) Monthly rent on a branch location is $7,000. Rent for June will be paid on July 15.

Directions:

1. Record the June 30, 20X1 adjusting entries

2.Assuming that the firm uses reversing entries, record the appropriate reversing entries

3.Based on the entries made in (2), prepare the entries that would be made when each expense is paid on its due date.