8,Daniel's end-of-period spreadsheet at the end of July has $4,950 in the Balance Sheet Credit column for Accumulated Depreciation. The end-of-period spreadsheet at the end of August has $7,600 in the Balance Sheet Credit column for Accumulated Depreciation. What is the amount of the depreciation expense adjustment for the month of August? X$12,550 b. $7,600 c. $4,950x d. $2,650x 9. Prepaid insurance is reported on the balance sheet as a a. current asset b. fixed asset XCurrent liability d. long-term liability 10. Using the following information, what is the cost of merchandise sold? $ 960 6,370 $32,000 5,700 Selling expenses Merchandise inventory, September 30 Purchases Merchandise inventory eptember 1 dministrative penses 63,000 910 Sales 1,040 Interest expense 1,200 nt revenue $32,400 b. $32,670 c. $31,330 H. $38,370 20