5. The trial balance shows Supplies OMR 0 and Supplies Expense OMR 1,500. If OMR 800 of supplies are on hand at the end of the period, the adjusting entry is: a) Debit Supplies OMR 800 and credit Supplies Expense OMR 800. b) Debit Supplies Expense OMR 800 and credit Supplies OMR 800. c) Debit Supplies OMR 700 and credit Supplies Expense OMR 700 d) Debit Supplies Expense OMR 700 and credit Supplies OMR 700 6. Each of the following is a major type (or category) of adjusting entries except: a) prepaid expenses. b) accrued revenues. c) accrued expenses. d) earned revenues. 7. Which of the following statements is incorrect concerning the worksheet? a) The worksheet is essentially a working tool of the accountant. b) The worksheet is distributed to management and other interested parties c) The worksheet cannot be used as a basis for posting to ledger accounts d) Financial statements can be prepared directly from the worksheet before journalizing and posting the adjusting entries. for the following current assets is