Prepare adjusting journal entries for Wendy Catering in the GENERAL JOURNAL

for the year ended $31$ December $2022,$ for each of these situations. Narratives for

each entry are required.

a$.$ Wendy Catering received RM$5,000$ from a customer on November $15,$

$2022,$ for catering service to be performed in December $2022.$ The RM$5,$

$000$ was recorded in Unearned Revenue in November $2022.$ By the end of

December, the service has been performed.

b$.$ Wendy Catering invested RM$50,000$ into a $5\%$ government bond some

years ago. The $5\%$ interest was due to be paid on $31$ December every

year. However, Wendy Catering had yet to receive the payment from the

government by $31$ December $2022.$

c$.$ Wendy Catering paid a total salary of RM$28,000$ every month to all of its

staffs. Due to some unforeseen circumstances, the salaries for the final

week amounting to RM$7,000$ have not been paid.

d$.$ Wendy Catering paid RM$12,000$ for insurance for $12$ months beginning on

$1$ September $2022.$ The amount was recorded as Prepaid Insurance on $1$

September.

e$.$ Wendy Catering purchased a RM$3,500$ kitchen equipment on $1$ January

$2022.$ It is expected to have a useful life of three years and it will worth

about RM$500$ at the end of three years. Wendy Catering used the straightline depreciation method.