13 seconds. Status: Trial Balance wash Accounts Receivable Supplies Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense 10000 20000 5000 37000 11000 3000 44000 7000 15000 35000 6000 7000 100000 100000 === ======== == What are the total assets? $35,000 $72,000 $116,000 Click Save and Submit to save and submit. Click Save All A QUESTION 10 I bou ght office supplies on account. How do I record that? a. Office Supplies, debit: Cash, credit b. Office Supplies, debit; Accounts Payable, credit c. Accounts Receivable, debit; Office Supplies, credit d. Cash, debit; Office Supplies, credit QUESTION 11 A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the a statement of cash flows b.income statement c. balance sheet d. retained earnings statement Question Completion Status: The supplies account had a balance of $6000 at the beginning of the year. The company bought $1000 more. If $400 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a. S7400 b. $400 C. $6.600 d. 55600 QUESTION 9 John had prepaid rent of $3000. He has used $1000 of the rent. What is the journal entry? Rent Expense 3000 Prepaid Rent 3000 Rent expense 2000 Prepaid Rent 2000 Prepaid rent 1000 Rent Expense 1000 Rent Expense 1000 Prepaid Rent 1000 Click Save and Submit to save and submit Click Save All Answers to see all answers. un completion Status: QUESTION 6 ABC company had some accounts receivable. Their costumers paid them. How does the company record the payment? a. Fees Earned, debit; Accounts Receivable, credit b. Fees Earned, debit: Cash, credit c. Cash, debit; Accounts Receivable, credit d. Accounts Receivable, debit: Fees Earned, credit QUESTION 7 Which of the following entries records the payment of a bill for a whole year's insurance? a. debit Prepaid Insurance; credit Cash b. debit Accounts Payable; credit Cash c. debit Cash: credit Prepaid Insurance d. debit Insurance Payable: credit Accounts Receivable! Che Save and submit to save and submit. Click Save All Ansters to see all answer Save All Answer QUESTION 4 Marsha invests S 60,000 in her new business. What is the correct journal entry for this? Accounts Receivable 60,000 a. Common Stock 60,000 Invested cash in business. 60,000 Common Stock 60,000 Ob. Cash Invested cash in business. Cash 60,000 C. Common Stock Invested cash in business. Loans Payable 60.000 d. Cash Invested cash in business. 60.000 60,000 nick Save and Submit to save and submit. Chick Save All Answers to save all answers QUESTION 2 I had $6,250 in the supplies account. Now I have $1500. What would be the proper adjusting entry? a. debit Supplies Expense, $1,500; credit Supplies, $1,500 b. debit Supplies, S1,500; credit Supplies Expense, $1,500 C. debit Supplies, $4,750; credit Supplies Expense, $4,750 d. debit Supplies Expense, $4,750; credit Supplies, $4,750