1)Knowing that Chloe company prepares its financial statement yearly, and supplies used is equal to $470, what would the adjusting entry for supplies includes at December 31, 2018 * Credit Supplies $1,630 Credit Supplies $470 Debit Supplies $1,630 Debit Supplies $470 2)Knowing that Chloe company prepares its financial statement yearly, and the 5-month insurance policy was purchased on September 30, 2018, what would the adjusting entry for insurance on December 31, 2018 * Debit prepaid insurance $2,000, credit insurance expense $2,000 Debit insurance expense $1,200, credit prepaid insurance $1,200 Debit insurance expense $1,600, credit prepaid insurance $1,600 Debit prepaid insurance $1,200, credit insurance expense $1,200 3)Knowing that Chloe company prepares its financial statement yearly, and the 6-month rent contract was paid on August 1, 2018, the adjusted balance for prepaid rent on December 31, 2018 would be * $2,500 $3,500 $1,000 $5,000 4)Knowing that Chloe company prepares its financial statement yearly, and the 6-month rent contract was paid on August 1, 2018, the adjusted balance for rent expense on December 31, 2018 would be * $2,500 $3,500 $6,000 $5,000 5)Knowing that Chloe company prepares its financial statement yearly, and the $20,000 equipment was purchased on June 1, 2017 with a useful life of 4 years, $800 salvage value, the adjusting entry for depreciation on December 31, 2018 would be * Debit equipment $8,000, credit depreciation expense $8,000 Debit depreciation expense $4,800, credit accumulated depreciation $4,800 Debit depreciation expense $2,800, credit accumulated depreciation $2,800 Debit equipment $8,800, credit depreciation expense $8,800 6)Knowing that Chloe company prepares its financial statement yearly, and the $20,000 equipment was purchased on June 1, 2017 with a useful life of 4 years and $800 salvage value, the adjusted balance for accumulated depreciation on December 31, 2018 would be * $8,800 $4,800 $2,800 $7,600 7)Chloe Company has performed $600 of Cleaning services for a client but has not billed the client as of December 31, 2018. What adjusting entry must the company prepare? * Debit Cash and credit Unearned Revenue $600 Debit Unearned Revenue and credit Service Revenue $60 Debit Accounts Receivable and credit Service Revenue $600 None of the above 8)Chloe Company signed a six-month note payable in the amount of $4,000 on September 1, 2018. The note requires interest at an annual rate of 9%. The amount of interest to be accrued on December 31, 2018 is: * $240 $120 $720 $180 9)On December 31, 2018, wages accrued were $5,000. The adjusted balance for salaries & wages expense on December 31, 2018 would be: * $3700 $21,033 $22,333 $0 Chloe Company a cleaning firm, has the following account balance before adjustments on December 31, 2018 Chloe Company Trial