Q2 (10 marks) A) Conan Industries collected $100,000 from customers in 2019. Of the amount collected $25,000 was from revenue earned on account in 2018. In addition, Conan earned $40,000 of revenue in 2019, which will not be collected until 2020. Instructions, prepare adjusting entries and post revenues in ledger in 31/12/2019 B) Conan Industries also paid $78,000 for expenses in 2019. Of the amount paid $30,000 was for expenses incurred on account in 2018 In addition, Conan incurred $42,000 of expenses in 2019, which will Instructions prepare adjusting entries and post expenseses in ledger in 3111242019 C) Prepaid Insurance $9,900. The company has separate insurance policies on its buildings and its motor vehicles Policy B4564 on the building was purchased on April 1, 2018, for $7.200. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2019, for $4,500. This policy has a term of 2 years Instructions, prepare adjusting entries and post insurance policy in ledger in 31\1212019 D) Salaries Payable $0. There are eight salaried employees. Salaries are paid every Friday for the current week. Five employees receive a salary of $700 each per week, and three employees earn $500 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December Instructions prepare adjusting entries and post salaries expense in ledger in 3111212019