Question #3 (2 Marks Each = 10) Credit 900 Following is the trial balance of PMG & Co. on December 31, 2005: Debit Cash 36,000 Accounts receivable 54,000 Allowance for doubtful debts Merchandise inventory 36,000 Pre-paid salaries 4,000 Equipment 72,000 Allowance for Dep. - equipment Accounts payable Capital Salaries payable Sales 362,000 Cost of goods sold 221,400 Salaries expense 35,000 Office supplies expense 9,000 Rent expense 11,520 Insurance expense 6,480 485,400 4,500 18,000 90,000 10,000 485,400 Required: Give adjusting entries of the following information, considering each case separately: also mention what amount of salaries expenses, salaries payable and prep salaries should be reported in the income statement and balance sheet. D) If salaries payable on December 31, 2005 Rs. 12,000 (ii) if salaries payable on December 31, 2005 Rs. 6,000 (iii) if salaries expense for the year Rs. 36,000 (iv) If salaries expense for the year Rs. 30,000 (v) If salaries expense for the year Rs. 5,000