18-20

18. Bill's Consulting Company purchased supplies costing $10,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2,000 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be a. Debit Supplies Expense, $10,000; Credit Supplies, $10,000 b. Debit Supplies, $10,000; Credit Supplies Expense, $10,000. C. Debit Supplies Expense, $8,000; Credit Supplies, $8,000. d. Debit Supplies, $8,000Credit Supplies Expense, $8,000. 19. Bob's Bagel Store has a year end of Sept. 30, 2020. This year end would be considered a. a calendar year end b. a fiscal year end c.an interim year end 20. Laura's Law Firm purchased a computer for $5,000 on October 1. Annual depreciation on the computer will be $1,200. If financial statements are prepared on December 31, the company should make the following adjusting entry: a. Debit Depreciation Expense, $1,200; Credit Accumulated Depreciation, $1,200. b. Debit Depreciation Expense, $100; Credit Accumulated Depreciation, $100. C. Debit Depreciation Expense, $300; Credit Accumulated Depreciation, $300. d. Debit Office Equipment, $5,000; Credit Accumulated Depreciation, $5,000