328 A machine with a cost of $15,000, a salvage value of $8,000 and expected life of 15 years was MG purchased on September 1. For a calendar year company, the journal entry to record depreciation expense for the first year would be to: (Round the final answer to the nearest dollar) NE O A. debit Depreciation Expense, $194, credit Accumulated Depreciation, $194. 2004 O B. debit Depreciation Expense, $156, credit Accumulated Depreciation, $156 C. debit Depreciation Expense, $117, credit Accumulated Depreciation, $117. OD. debit Depreciation Expense, $39, credit Accumulated Depreciation, $39. I PDF The balance in Unearned Revenues prior to adjustment was $2,750. If the amount still unearned as of the end of the period is $1,400, the adjusting entry needed would be to O A. debit Unearned Service Revenue, $1,350, credit Service Revenue, $1,350. OB. debit Cash $2,750 credit Unearned Service Revenue, $2,750. O C. debit Service Revenue, $1,350, credit Unearned Service Revenue, $1,350. OD. debit Unearned Service Revenue, $1,400 credit Service Revenue, $1,400 MB28 Fischers, Inc purchased a 4-year insurance policy for $2,900 What would the adjusting entry be at the MEMG end of the first year? W 02004 O A. Debit Insurance Expense $725, credit Cash $725 OB. Debit Insurance Expense $2,900, credit Cash $2,900 OC. Debit Insurance Expense $2,900, credit Prepaid Insurance $2,900 OD. Debit Insurance Expense $725, credit Prepaid Insurance $725 398 Curly's Cuts gave 410 haircuts this past month. They charge $17 per haircut. Expenses incurred during MO the month were $3,500 wages, $308 utilities/water, and $330 shampoo/styling products $3,000 in wages were paid during the month, the rest of the wages-along with the utilities and shampoo/styling products were not paid during the month. What is Curly's net income or loss for the month? V 004 A. Not enough information provided to calculate net income or loss B. $3,470 net income O C. $2,832 net income OD. $3,970 net income C PDA