Question: i need help on these asap 1. 2. 3. On January 1 , Company A borrows $1,000 from the bank at 6% interest. It will


On January 1 , Company A borrows $1,000 from the bank at 6% interest. It will repay the loan in 24 months. The adjusting entry at January 31 to reflect the amount of interest expense that relates to the month of January is calculated as $1,000X.06X (time)? 1/12 1/24 24/12 Some other fraction of the year The security guards at Company L earn $15,000 in salaries per week and work a 5 day week (Mon-Fri). If January 28 is the last weekly payday of the month, what is the amount of the adjusting entry that will be made to Salaries Expense and Salaries Payable? $15,000 $9,000 $3,000 Some other amount The security guards at Company L earn $21,000 in salaries per week and work a 7 day week. The guards are paid every Friday and Friday, January 26 is the last weekly payday of the month. How many work days remain in January after this payday and must be accrued when calculating the adjusting entry for salaries? ( 31 days in month of January) 1 3 4 5 None
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