5. An example of a contra-asset account is which of the following: Depreciation expense Accumulated depreciation Straight-line method a Intangible asset e Loss & Unearned ticket revenue for the Tampa Bay Buccaneers is an example of which of the following concepts covered in the text a Revenue Deferral c. Asset a Net income Expense 7. You paid your country club dues of $2,400 on June 30. 2016. The membership is for one year. How much revenue will the country club recognize as of December 31, 2016: $2,400 - $1,200 $0 a You purchase $450 of supplies for cash. The supplies will be used over the next six months. The appropriate entry is: Debit Supplies Expense and Credit Cash Debit Supplies Expense and Credit Accounts Payable Debit Accounts Payable and Credit Cash Debit Supplies Inventory and Credit Cash Debit Cash and Credit Supplies Inventory . You pay $9.000 cash in advance for a 1-year lease on office space. The entry you should make on your accounts is: Debit Rent Expense and Credit Cash for $9,000 Debit Accounts Payable and Credit Cash for $9,000 Debit Prepaid Rent and Credit Accounts Payable for $9.000 Debit Prepaid Rent and Credit Cash for $9,000 Debit Rent Expense and Credit Accounts Payable for $9,000