NEED CORRECT SOLUTIONS

Question 5 (24 marks) Under accrual basis accounting, accountants apply revenue recognition principle and expense recognition principle to determine to record revenues and expenses. Revenue recognition principle states that revenues must be measured and recorded when they are earned, not that when cash received. Expense recognition principle principle states necessarily must be recorded in the same period as the revenues generated by the expenses, not stated or when cash is paid. Apply these when appropriate, in recording journal making adjustin ournal entries for the following economic events taken ace on the date a. On November 30, 2015. the Microsoft cleaning service company. The cashier of Microsoft paid $30,000 in cash for six months' cleaning service fees in advance. (Cleaning service coverage: From December 1, 2015 to May 31, 2016) Nov,30, zols cas unearned Revenue 30 voo b. The accountant of Microsoft Corp. determined that a Microsoft employee earned salary and wages of $500,000 but these salary and wages were not yet paid as of December 31, 2015 (ignore payroll taxes). Dec 3,zol Accoun15 payable 500 G 6alaries and wages Ere e c. On December 31, 2015. Microsoft earned $700,000 of customized software development venue in December 2015, and sent a bill to the customer. This amount is expected to be