The weekly payroll of wolverine corporation is $3,000. employees work five days per week, monday through friday. december 31, 2019, the end of the fiscal year, is a tuesday. wolverine corporation will not pay its employees for the full week until friday, its normal payday. wolverine corporation will make which of the following adjusting entries on tuesday, december 31?

a) accounts:
salaries payable : debit = 1,200
b) accounts:
salaries expenses: debit = 1,200
accumulated salaries: credit = 1,200
c) accounts:
salaries expense: debit = 1,200
cash: credit = 1,200
d) accounts:
salaries expense: debit = 1,200
salaries payable : credit = 1,200

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy. year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period. required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.