1) ESES Company uses the perpetual inventory system. On June 21, ESES Company sold merchandise for $15.000 to a customer with a cost of $9.000 on account. Which of the following expression is correct about journal entries on June 21 for this selling transaction ? a) A credit to "Sales" account for $9.000 b) A credit to "Account Receivables" account for $15.000 c) A debit to "Cash" account for $15.000 d) A debit to "Cost of Goods Sold" account for $9.000 e) A credit to"Merchandise Inventory" account for $15.000 2)TS company paid $6,000 in advance for one year insurance policy on September 1,2020. The business makes adjusting entries once a year at year-end. Which one would be the adjusting entry for this insurance policy on December 31,2020?

Account Title	Debit	Credit
Prepaid Insurance Expense	6,000
Cash		6,000

Account Title	Debit	Credit
Insurance Expense	2,000
Cash		2,000

Account Title	Debit	Credit
Insurance Expense	2,000
Prepaid Insurance Expense		2,000

Account Title	Debit	Credit
Insurance Expense	4,000
Prepaid Insurance Expense		4,000

Account Title	Debit	Credit
Insurance Expense	6,000
Cash		6,000