12. Considering this ledger account for cash, what is the ending balance of cash? a. $29,150 (debit) b. $1,950 (credit) c. $27,200 (debit) d. $27,200 (credit) 13. Swanson Corp. purchases $3,200 of supplies on account on September 14th. The amount will be paid within 30 days. Record the appropriate journal entry. 14. Record the payment for supplies previously purchased on account on September 14th. (Refer to the previous question). 15. Record the following transaction: Swanson Corp pays $900 for billboard advertising for the current month with cash on September 14th. 16. Under accrual-basis accounting, when do we record economic events? a. When a source document (such as a receipt) is made available b. When cash payment is made c. When cash payment is received d. When they occur Use the following information for questions 17-20. At the beginning of December, Swanson Corp. had a balance in Prepaid Rent of $7,000. Monthly rent is $1,000 per month. Swanson Corp. also sold 12-month subscriptions to customers for $120,000 at the beginning of the month (this transaction was recorded appropriately) with the first issue being delivered on December 31st. At the end of the month, employees had earned $3,750 worth of salaries to be paid on January 5th. Finally, on August 1st, Swanson Corp. signed a 6 -month notes receivable for $10,000 with 5% interest. 17. Record any appropriate adjusting entries for rent on December 31st (if applicable). Round to the nearest dollar. 18. Record any appropriate adjusting entries on December 31st for the Swanson Corp's subscription services (if applicable). Round to the nearest dollar