1. A company started the year with $3,750 of supplies on hand. During the year the company purchased additional supplies of $2,000 and recorded them as an increase to Supplies. At the end of the year the company determined that only $750 of supplies are still on hand. What amount is used to make the adjusting entry at the end of the period?

2. If the companys accountant mistakenly recorded an $85 deposit as $58, the error would be shown on the bank reconciliation as a(n)

3. Deferred Revenue, which represents the companys obligation to honor gift cards previously issued to customers, totaled $6,600 at the beginning of the year and $9,000 at the end of the year. Customers purchased gift cards amounting to $50,400 during the year. What amount is used to make the adjusting entry at the end of the period to recognized the revenue that was earned in this situation?

4. ail, Inc. pays its workforce on Fridays for a 5-day workweek ending on that day. The payroll for a week is $165,000. If the accounting year-end falls on a Tuesday, the adjusting entry to record accrued salaries and wages will include a:

5. After the adjustments have been completed, the adjusted balance in the Prepaid Insurance account represents the cost of insurance

6. Cape Corporation had Retained Earnings at the end of December 31, 2017 for $900,000. During 2018, the company had net income of $340,000 and declared dividends of $40,000. The amount of Retained Earnings reported on the Balance Sheet as of December 31, 2018 will be: