A business enterprise pays weekly salaries of 6000 pesos on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that the period ends
(a)on Tuesday (b) on Thursday

Adelaida Dressmaking Shop paid 9000 peso worth of airtime advertising to Bombo Radio Philippines on December 1.The radio advertisement shall be the adjustment to be made at the December 31,if :
(a)Adelaida Dressmaking Shop debited prepaid advertising upon payment on December 1.
(b)Adelaida Dressmaking Shop debited advertising expense upon payment on December 1

The balance in the prepaid insurance account before adjustment at the end of the year is 3450 pesos.journalize the adjusted entry under each of the following alternative:
(a).the amount of insurance expired during the year is 1990 pesos
(b)the amount of unexpired insurance applicable to future periods is 1990 pesos

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