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1. Office Supplies had debit balance of $560 before any adjusting entries were done. A physical count of Office Supplies showed $230 of unused supplies

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1. Office Supplies had debit balance of $560 before any adjusting entries were done. A physical count of Office Supplies showed $230 of unused supplies available. What is the journal entry to record the Adjusting Entry to Office Supplies? 2. The Lease was paid in full for the next 6 months for a total of $12,000 on September 1, 2020. a. Create a journal entry to record the payment of the Lease. b. Create the monthly Journal Entry to record the Lease Expense. c. What is the balance remaining in the Prepaid Rent at 12/31/2020 after the December adjusting entries are done. d. After closing entries what is the balance in the Retained Earnings account given the following information? i. Total Revenues $250,000 ii. Total Expenses $ 85,000 iii. Beg. Retained Earnings $125,000 iv. Dividends $ 25,000 3. List the 4 Closing entries in proper order: a. b. c. d. Retained Earnings account given the following information? i. Total Revenues $250,000 ii. Total Expenses $ 85,000 it. Beg Retained Earnings $125.000 iv. Dividends $ 25,000 3. List the 4 Closing entries in proper order: 4. Below is the Adjusted Trial Balance as of December 31, 2019. Prepare the four closing entries for the year end. Beli OS Pride S000.00 000.00 30,000.00 17.00 10 1000 225000 Antidote-four Acco Commen Stock Retained Fami Divide Kang Son WE Rent 55.000.00 1 300.00 30 1.500.00 Title 135 500.00 D Ace DR CR

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