Indicate whether each of the events described below gives rise to a revenue or an expense under the Framework. If they do, what would be the other side of the transaction?

1. A bank loan of $30 000 is obtained, with the company signing an agreement to repay the amount in six months, together with interest of 6 percent.

2. Electricity used in the past month, worth $1540, has not been paid for.

3. A $7000 cheque is received from a tenant for three months' rent in advance.

4. A company signs a two-year employment contract with a marketing manager for $250 000 per year. The marketing manager will start work next month.

5. Wages of $34 000 are owing to employees at year end for work done during the year.