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accounting for accruals (prepayments and expenses)

for the following independent transactions, what would be the transaction effect in the worksheet:

1) In October, Paid $1,200 yearly subscription to trade magazines. As at June 30, 3 months prepaid subscription remained. (Assuming no opening balance for prepaid expenses for Magazines)



2) Paid wages during the year $16,500. Wages still owing at end of year $1,750. (Assuming opening balance for Accrued Wages is $1,250)

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Andy C. | Math/Physics TutorMath/Physics Tutor
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(1) It's $100 per month, so 3 x 100 = 300
 
(2)   1250 was paid by the 16500 during the year  
 
       16500 - 1250 + x = 1750
 
        15250 + x = 1750
 
          x = 1750 - 15250 
 
              =  -13500