Use the following to answer questions 13-14 The company incurs employee salaries of $82,000 for the last week of December which will be paid on January 5th. 13. Record the adjusting entry on December 31* related to the employee salaries Account Credit Debit $2.000 IX 132,000 14. $82,00 indicate by how much net income in the income statement is higher or lower if the adjustment in #13 is not recorded (if lower put "-" in front of your answer). Use the following to answer questions 15-16 On December 1st, the company pays a local radio station $75,000 for 3 months of radio ads that are to be aired equally throughout December through February. Prepaid Advertising was debited on December 1st and no other entries regarding this transaction were made since then. 75000 - 18 7.5.0.X 15. $. After the adjusting entry has been recorded on December 31", determine the amount of advertising expense for the year ended December 31". 16. $ After the adjusting entry has been recorded on December 31", determine the ending balance in the prepaid advertising account that should be recorded on the December 31" Balance Sheet. Beg tadding -SUB - end 75-18750 - 56250 0 +75,000 X Use the following transactions to answer questions 17 - 19 Determine the amount of revenue or expense that would be reported at the time of the transaction under the two methods. An example transaction has been completed for you