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12. On September 1 of the current year, the company prepaid $24,000 for two years of rent for facilities being occupied that day. The adjusting

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12. On September 1 of the current year, the company prepaid $24,000 for two years of rent for facilities being occupied that day. The adjusting prepaid rent that expired at year-end is: a-$4,000 b - $3,800 C-$9,000 d - $7,000 13. The Supplies account has a $300 debit balance to start the year. No supplies were purchased during the current year. A December 31 physical count shows $110 of supplies remaining. The adjusting supply used at December 31 is: a-$250 b-$200 c- $190 d-$150 14. Barga Company purchases $20,000 of equipment on January 1. The equipment is expected to last five years and be worth $2,000 at the end of that time. The adjusting one year's accumulated depreciation expense for the equipment as of December 31. a - $3,000 b -$2,000 C-$2,600 d - $3,600 15. The Krug Company collected $6,000 rent in advance on November 1. The tenant was paying 12 months' rent in advance and occupancy began November 1. The adjusting earned portion of rent received in advance at December 31 is: a-$1,000 b - $2,000 C-$2,600 d - $3,600 Page 6 / 6 +

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