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A) Conan Industries collected $100,000 from customers in 2019. Of the amount collected $25,000 was from revenue eamed on account in 2018. In addition, Conan earned $40,000 of revenue in 2019, which will not be collected until 2020 Instructions prepare adjusting entries and post revenues in ledger in 3111212019 8) Conan Industries also paid $78,000 for expenses in 2019. Of the amount paid, $30,000 was for expenses incurred on account in 2018. In addition, Conan incurred $42,000 of expenses in 2019, which will not be paid until 2020 Instructions prepare adjusting entries and post expenseses in ledger in 31.12.2019 C) Prepaid Insurance $9,900. The company has separate insurance policies on its buildings and its motor vehicles Policy B4564 on the building was purchased on April 1, 2018, for $7,200. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1 2019, for $4,500. This policy has a term of 2 years Instructions, prepare adjusting entries and post insurance policy in ledger in 3141212019 D) Salaries Payable S0. There are eight salaried employees. Salaries are paid every Friday for the current week. Five employees receive a salary of $700 each per week, and three employees earn $500 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December Instructions prepare adjusting entries and post salaries expense in ledger in 3141212019

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