Running the business - Use assets and other resources to inci Record the journal entries for the following ex and other resources to incur expenses. for the following expenses Expenses - Hired 2 employees to sell socks during the month. They worked 100 hour s during the month. They worked 100 hours total for $15/hour and they will be paid the following month. Date Accounts Debit Credit 12/31/19 Expenses - Defer and recognize the use of the insurance policy for one month Date Accounts 12/31/19 Debit Credit Expenses - Accrue and recognize the interest expense not yet paid on the note for one month. Date Accounts Debit 12/31/19 Credit Expenses - Purchased on account ads in the K-State Collegian that ran this month for $500. Date Accounts Debit 12/31/19 Credit Expenses - Defer and recognize the use of the delivery truck for one month. Date Accounts 12/31/19 Debit Credit Pay the Owners (there should be at least one withdrawal for EACH owner's capital account) Withdrawal - Capital "Name" - Each owner in the corporation took a $1,000 withdrawal for the month. *Note* Make a separate withdrawal account for each owner. Date Accounts Debit Credit 12/31/19