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Please help Cebu Travel and Tours Co offers a land-based tour around Cebu City. The company own automobiles and rent its office. Individuals must purchase

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Cebu Travel and Tours Co offers a land-based tour around Cebu City. The company own automobiles and rent its office. Individuals must purchase their slot at least one month in advance. The company adjusts its accounts only once each month. Selected balances appearing in the company's August 31 adjusted trial balance appear as follows: Account Title Debit Credit Unexpired rent 3,240,000 Prepaid insurance 1,008,000 Automobile 30,240,000 Accumulated depreciation 7.476,000 Unearned travel revenue 605,000 Accrued wages payable 57,000Other information. 1. Office rent for twenty four months was prepaid on April 30 2. The prepaid insurance is what remains of a 24-month policy purchased on March 1 this year 3. The automobiles are being depreciated over an 8-year useful life with P336,000 residual value at the end of its useful life. 4. The unearned travel revenue represents slot sold for future travel in Bohol for P 5,500 per slot on August 1. During August, 200 of the slots were used. 5. The company's policy is to pay its employees every Saturday since they observed a six days workweek. August 31 fell on a Wednesday. a. Monthly Rent Expense b. prepare the adjusting entries made on august 31 for rent expense c. the average daily pay of its employees d. the amount of payroll per pay day( every saturday) e. prepare the adjusting entries made on august 31 for wages expense

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