1. Jun. ARCADO fo A policy of it expectoncesimelo pont. The 2. Al Glumac AED peyi Jay, Www Munch A AIDS BAD CALD DAID 225 PrindingOfSapplice hadapan helised Die The maanae ADOS ALDO Supplies EDGE De Office SAID AID Office SAD MO DD SAID Office Supplier Alert, Some Commerce whe Oudy AID - hate ther Man 3 A. AD 1500 BAED CAID AED The Other What 5239h Me Alle wed 10 The Wing Die Scoli Off Che Office Suppleant office Samples 254 Die office Space Office Expo T.Nayalaliuean from the Land other Tevamees, A. Am B. As evenementem C. A. D. A 4. Financial statements are typically prepared in the following order: A. Balance sheet, statement of owner's equity, income statement B. Statement of owner's equity, balance sheet, income statement C. Income statement, balance sheet, statement of owner's equity. D. Income statement, statement of owner's equity, balance sheet. 5. On February 1, 2020 your company paid the AED 18000 premium on a two-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the period ending March 31,20207 A. AED 1500 B. AED 6000 C. AED 500. D. AED 1200 6. Prior to recording adjusting entries, the Office Supplies account had a $359 debit balance. A physical count of the supplies showed S105 of used supplies. The required adjusting entry is: A. Debit Office Supplies S105 and credit Office Supplies Expense $105 B. Debit Office Supplies Expense S105 and credit Office Supplies S105 C. Debit Office Supplies Expense $254 and credit Office Supplies $254. D. Debit Office Supplies S254 and credit Office Supplies Expense $254 7. If a company failed to make the end-of-period adjustment from the Unearned rent revenue to the account of rent revenue that was earned then, this omission would cause: A. An overstatement of net income. B. An overstatement of assets. C. An overstatement of equity. D. An overstatement of liabilities 1. On Jan 1, 2019 ABC consultants paid AED 18,000 cash for maintenance services to be performed over a two-year period. ABC follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on June 30, 2019 would include: 18000/24=750 x6 = 4500 1 Prepaid expense 18000 4500 Maint expenses 4500 13500 2. Al Ghurair productions paid AED 2700 premium towards a three-year insurance policy with benefits beginning on January 1, 2020. What will be the insurance expense as on March 31, 2020? A. AED 1350 B. AED 900 C. AED 210 D. AED 225 2700/36 =75 then for 3 months 225 3. Prior to recording adjusting entries, the Office Supplies account had a AED 3500 debit balance. A physical count of the supplies showed AED 480 of used supplies. The required adjusting entry is: A. Debit Office Supplies AED 3020 and credit Office Supplies Expense AED 480 B. Debit Office Supplies Expense AED 480 and credit Office Supplies AED 480. C. Debit Office Supplies Expense AED 3020 and credit Office Supplies AED 3020. D. Debit Office Supplies AED 480 and credit Office Supplies Expense AED 480 Supplies expense 480 Supplies 3500 480 480 3020