please answer all with explanation

Date: Prepaid Expense ph the books of one company is likely to be An accrued revenue on the be med revenue on the books of the company that made the advance payment uneamed revenue on the books of the company that collected the advance payment accrued expense on the books of the company that made the advance avant repaid expense on the books of the company that collected the advance payment An accrued expense on the books of both companies Prepaid Expense is initially recorded as an expens the adjusting entry has the following effect on the financial statements: prepad xx Net income increases and assets increase Revenue increases and liabilities decrease Net income increases and owner's equity decreases Revenue decreases and owner's equity increases Revenue decreases and owner's equity decreases 3. An 12/31/12 the Gaylord Company accrues two days wages of $400 ($200 per davl Proper closing journal entries are recorded. On 1113, Gaylord makes the reversing entry Gavlod navs the weekly payroll of $1,000 on 1/3/13. The 1/3/13 journal entry will include a b. Credit to Wage Expense for $1,000 Debit to Wage Expense for $400 Debit to Wages Payable for $600 Debit to Wages Payable for $400 Credit to Cash for $1,000 d. e The Wanda Company fails to record these two journal entries on 12/31/18: 1. Cash purchase of Office Supplies: $40 2. Annual depreciation: $10 Working capital will be: Correct $10 overstated $40 understated $30 understated $30 overstated Q Fuc support BERSCHBKIN_INTERMEDIATE ACCOUNT ZUCC_301_501 Practice Quiz_2.docx 952019