8. On October 1, 2019, a company paid $9,000 rent in advance. The rent per month is $1,000. Assuming the company's accounting period ends on December 31, 2019, what will be reported on the financial statements? a. Prepaid Rent of $6,000 on its balance sheet at December 31, 2019 b. Prepaid Rent of S9,000 on its balance sheet at December 31, 2019 c. Rent Expense of 9,000 on its 2019 income statement d. Rent Revenue of $6,000 on its 2019 income statement 9. Carlock Systems purchased equipment on credit, signing a 6-month, 12% note for 550,000 from a vendor on November 1, 2019. The note is due on April 30, 2020. Assuming the company's accounting period ends on December 31, how much interest expense should be recognized during 2019 and 2020? 2012 2020 a. $2,000 $1,000 b. $1,000 $2,000 c. SO 56,000 d. S1.000 $5,000 10. Carithers Cleaning Service received advance payments from customers during 2019 of 524.000. At December 31. 2019. 55.000 of the advance payments still had not been carned. After the adjustments are recorded and posted at December 31, 2019, the balances in the Uneamed Service Revenue and Service Revenue accounts will be: Uneared Service Revenue Service Revenus SO $24,000 b. $5,000 $19.000 c. $5,000 $24,000 d. $24,000 $5,000 11. Which of the following is a transposition error? a. writing $89 as $98 b. writing S10 as $100 c. debiting or crediting an amount to the wrong account d. debiting or crediting the right account with the wrong amount 12. Failure to record accrued interest expense would result in which of the following? a. Assets being overstated b. Assets being understated c. Liabilities being overstated d. Liabilities being understated