Answer the following Multiple-Choice Questions by choosing the correct answer among the proposed ones. SHOW ALL YOUR CALCULATIONS 1. A company pays each of its two office employees each Friday at the rate of S100 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is: A. Debit Unpaid Salaries $600 and credit Salaries Payable S600. B. Debit Salaries Expense $400 and credit Salaries Payable $400 C. Debit Salaries Expense $600 and credit Salaries Payable S600 D. Debit Salaries Payable $400 and credit Salaries Expense $400. E. Debit Salaries Expense S400 and credit Cash S400. 2 On January 1, Southwest College received $1,200,000 in Uncamned Tuition Revenue from its students for the spring semester, which spans four months beginning on January 2. What amount of tuition revenue should the college recognize on January 31? A. $300,000 B. $600,000 C. $800,000 D. $900,000. E. S1.200,000 PPW Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $800. This other company paid the entire S6,400 cash on October 1, which PPW Co. recorded as unearned revenue. The journal entry made by PPW Co. at year-end on December 31 would include: A. A debit to Rent Eamed for $2,400. B. A credit to Unearned Rent for $2,400. C. A debit to Cash for $6,400. D. A credit to Rent Earned for $2,400. E. A debit to Unearned Rent for $4,000. 4. On May 1, Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30 of the following year. The Cash receipt was recorded as uncarned fees and at year-end on December 31, S1,000 of the fees had been earned. The adjusting entry on December 31 would include: A. A debit to Uncamned Fees for $500. B. A credit to Unearned Fees for $500 C. A credit to Earned Fees for $1,000. D. A debit to Eamed Fees for $1,000. E. A debit to Eamed Fees for $500