Prepare the adjusting journal entries for Freezy-Freese Inc….

Prepare the adjusting journal entries for Freezy-Freese Inc. as of 12/31/2023. Employees of Freezy-Freese earned salaries the last week of the year, but were not paid until January 3, 2024. The total amount earned was $600 total for the six days from December 28, 2023 – January 2, 2024.  Assume that salaries were earned evenly throughout the week (same amount each day).  

For the following journal entries, describe the transaction…

For the following journal entries, describe the transaction that took place for this journal entry to be recorded. Assume it is from the perspective of Freezy-Freeze Inc and that each transaction is independent of another.    Dr. Short-term Investment 5,000                         Cr. Cash          5,000

Prepare the adjusting journal entries for Freezy-Freese Inc….

Prepare the adjusting journal entries for Freezy-Freese Inc. as of 12/31/2023. On June 1, 2023, Freezy-Freese paid cash for rent for the next 12 months for $120,000. At that time, all $120,000 was recorded as Prepaid Rent. (I want the journal entry for 12/31/23, NOT the entry for 6/1/23.)