Question 12 --/1 You are the controller for Global Company and must prepare the adjusting entries for the year ending December 31, 2020. The unadjusted trial balance is shown below. Debit Credit 32,000 135,000 62,000 263,000 750,000 150,000 158,000 Account Title Cash Accounts Receivable Prepaid Insurance Inventory Building Accumulated Depreciation Accounts Payable Unearned Revenue Bonds payable Common Shares Retained Earnings Revenues Expenses TOTAL 82,000 200,000 275,000 167,000 525,000 315,000 $1,557,000 $1.557.000 Question 16 / 1 Using the information in question 12 , which adjusting entry is needed to record transaction 5 on December 31, 2020? Debit Salaries expenses $5,000 Credit salaries payable $5,000 2 Debit Prepaid salaries $5,000 Credit cash $5,000 3 Debit Salaries expenses $5,000 Credit account receivable $5,000 Debit Insurance expense $5,000 Credit Cash $5,000 Question 17 -- / 1 You have been provided with the following information for West Mesa Delivery Service on November 30: Account receivable Account payable Building Cash Notes payable Office equipment R. Roy, Capital Unearned revenue Trucks $10,000 18,000 28,000 8,000 30,000 12,000 ? 15,000 55,000 What is the value of West Mesa total assets for 2020: $58,000 2) $121,000 $113,000 $101,000 Question 18 --/1 You have been provided with the following information for West Mesa Delivery Service on November 30: Account receivable Account payable Building Cash Notes payable Office equipment R. Roy, Capital Unearned revenue Trucks $10,000 18,000 28,000 8,000 30,000 12,000 ? 15,000 55,000 What is the value of West Mesa total liabilities for 2020: $63,000 $45,000 $73,000 $48,000 Question 19 --/1 You have been provided with the following information for West Mesa Delivery Service on November 30: Account receivable Account payable Building Cash Notes payable Office equipment R. Roy, Capital Unearned revenue Trucks $10,000 18,000 28,000 8,000 30,000 12,000 ? 15,000 55,000 What is the value of R. Roy Capital for 2020: $113,000 $176,000 $50,000 $65,000 Expenses 315,000 TOTAL $1,557,000 $1,557,000 The following information is also available: 1. Expired insurance for the period is $31,000. 2. The building depreciates at $75,000 yearly. 3. An invoice was found showing that Global earned $12,000 of the unearned revenue on November 1, 2020. This invoice had not been recorded at year-end. 4. In December, Global earned $8,000 for services but did not mail the service invoice to the client until the end of December. 5. Salaries worth $5,000 were earned by employees but not paid or recorded at year end. Use the information above to answer the next five questions