1. All of the accrual adjusting entries include either a 'receivable' or 'payable' account. b. false 2. truc 2. Which of the following pairs of accounts would be found in an accrual adjusting entry? a. Depreciation Expense and Accumulated Depreciation b. Income Tax Expense and Income Taxes Payable c. Supplies Expense and Supplies d. Insurance Expense and Prepaid Insurance 3. An account that is not part of any of the adjusting entries we have covered is: 2 Depreciation Expense c. Unearned Revenue b. Interest Payable d. Cash 4. A company began the year with $1,000 of supplies, as shown in their Supplies account. $800 more supplies were bought during the year and charged (debited) to the Supplies account. At the end of the year, only $600 of supplies were still on hand. The entry to adjust the supplies account for supplies used would be: a debit Supplies Expense and credit Supplies for $1800. b. debit Supplies and credit Supplies Expense for $600. c. debit Supplies Expense and credit Supplies for $200. d. debit Supplies Expense and credit Supplies for $1200. 5. Johnson Co. paid $3,600 for one year of liability insurance on the first day of the month. This transaction was recorded with a debit to Prepaid Insurance and a credit to Cash. At the end of the month, what adjusting entry must be made to the Prepaid Insurance account? a. a dcbit to Prepaid Insurance and a credit to Insurance Expense for $3,300 b. a debit to Prepaid Insurance and a credit to Insurance Expense for $300 c. a debit to Insurance Expense and a credit to Prepaid Insurance for $3.300 d. a debit to Insurance Expense and a credit to Prepaid Insurance for $300