5 On December 31, 2019, salaries owed to employees total $4,850 These will be paid on January 4, 2020 An adjusted trial balance prepared on December 31, 2019, includes which of the following Unearned Salaries, $4,850 B Unearned Salaries, $4,850 and Salaries Payable, $4,850 C Salaries Payable, $4,850 and Unearned Salaries Revenue, $4,850 Salaries Expense, $4,850 and Salaries Payable, $ 4,850 6 The Accumulated Depreciation account A is another term for depreciation expense B has a normal balance which is the same as its companion account C represents the original cost of a plant asset D is a contra asset account 7 On December 1 of the current year, Prepaid Rent was debited $7,800 for three months of rent, to cover the period December 1 to February 28 The amount of the adjusting entry on December 31 is $0 $7,800 $5,200 $2,600 8 A company started the year with $500 of supplies During the year, the company purchased an additional $1,000 of supplies There were $700 of supplies on hand at the end of the year An adjusting entry prepared at the end of the accounting period includes a debit to Supplies Expense for $200 debit to Supplies for $700 debit to Supplies Expense for $800 debit to Supplies for $500 9 Kincaid Company's Retained Earnings balance on January 1 was $5,000 During the current year, Kincaid earned $3,000 in revenues and incurred $3,800 in expenses Kincaid declared and paid $2,100 in dividends, all in cash After the closing entries are made, Kincaid's Retained Earnings balance on December 31 will be $2,100 $5,000 $4,200 $5,900 10 The following accounts and balances are taken from Moore Company's adjusted trial balance Accounts Payable $12,000 Accounts Receivable $2,800 Accumulated Depreciation $1,100 Depreciation Expense $1,000 Dividends $2,700 Insurance Expense $2,500 Interest Revenue $1,340 Prepaid Insurance $2,120 Retained Earnings $10,400 Salary Expense $25,100 Service Revenue $37,800 $39,140 $7,840 $10,540 $18,240

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5  On December 31, 2019, salaries owed to employees total $4,850  These will be paid on January 4, 2020  An adjusted trial balance prepared on December 31, 2019, includes which of the following  Unearned Salaries, $4,850 B  Unearned Salaries, $4,850 and Salaries Payable, $4,850 C  Salaries Payable, $4,850 and Unearned Salaries Revenue, $4,850 Salaries Expense, $4,850 and Salaries Payable, $ 4,850 6  The Accumulated Depreciation account  A  is another term for depreciation expense  B  has a normal balance which is the same as its companion account  C  represents the original cost of a plant asset  D  is a contra asset account  7  On December 1 of the current year, Prepaid Rent was debited $7,800 for three months of rent, to cover the period December 1 to February 28  The amount of the adjusting entry on December 31 is  $0  $7,800  $5,200  $2,600  8  A company started the year with $500 of supplies  During the year, the company purchased an additional $1,000 of supplies  There were $700 of supplies on hand at the end of the year  An adjusting entry prepared at the end of the accounting period includes a  debit to Supplies Expense for $200  debit to Supplies for $700  debit to Supplies Expense for $800  debit to Supplies for $500  9  Kincaid Company's Retained Earnings balance on January 1 was $5,000  During the current year, Kincaid earned $3,000 in revenues and incurred $3,800 in expenses  Kincaid declared and paid $2,100 in dividends, all in cash  After the closing entries are made, Kincaid's Retained Earnings balance on December 31 will be  $2,100  $5,000  $4,200  $5,900 10 The following accounts and balances are taken from Moore Company's adjusted trial balance  Accounts Payable $12,000 Accounts Receivable $2,800 Accumulated Depreciation $1,100 Depreciation Expense $1,000 Dividends $2,700 Insurance Expense $2,500 Interest Revenue $1,340 Prepaid Insurance $2,120 Retained Earnings $10,400 Salary Expense $25,100 Service Revenue $37,800 $39,140 $7,840 $10,540 $18,240

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5. On December 31, 2019, salaries owed to employees total $4,850. These will be paid on January 4, 2020. An adjusted trial balance prepared on

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Accounts Payable	$12,000
Accounts Receivable	$2,800
Accumulated Depreciation	$1,100
Depreciation Expense	$1,000
Dividends	$2,700
Insurance Expense	$2,500
Interest Revenue	$1,340
Prepaid Insurance	$2,120
Retained Earnings	$10,400
Salary Expense	$25,100
Service Revenue	$37,800