(3) Specter Consulting purchased $7,000 of supplies and paid cash immediately. Which of the following general journal entries will Specter Consulting make to record this transaction? Assume the (5) \begin{tabular}{|l|r|r|} \hline Accounts Reccivable & 1.500 & \\ \hline Cash & & 1300 \\ \hline \end{tabular} 16) An ucouunt linked with anorher account that has an opposite mormal balanee and is sulyractiod from the balance of the related account is a(n) A) intangible ascet. B) Accricd expense. C) Accrued revanue D) Adjunct accoume. E) Contra account. 1710a July 1 , a company paid the $2,400 premium on a one-year insurance poticy with benefits beginaing on that date. What will be the insurance expense on the annual income statement for the firsfyear ended December 31? A) 5400 B) 51,400 . C) 52,400 . D) 51,200 . ) 51.000. 18) A conpamy had no office supplies available ar the beginning of the year. Daring the year. the company purchased $250 worth of office supplies. On December 31.$75 worth of office supplies remaincd. How much should the company report as oftice supplies expense for the year? A) 5/25. B) 575 . C) 5325 . D) 3250. E) S175