A company had no office supplies at the beginning of the year. During the year, the company purchased $400 worth of office supplies. On December 31, $150 worth of office supplies remained. How much should the company report as office supplies expense for the year? Multiple Choice O $150 O $250 o $200 O $550 O $400 On April 30, 2014, a three-year insurance policy was purchased for $19,260 with coverage to begin immediately. What is the amount of insurance expense that would appear on the company's income statement for the year ended December 31, 2014? Multiple Choice O $6,420 O $14,980 O $19,260 $4.280 O $535.00 On January 1, Acme College received $1,260,000 in Unearned Tuition Revenue from its students for the spring semester, which spans four months beginning on January 2. What amount of tuition revenue should the college recognize on January 31? Multiple Choice O $630,000 O $945,000 $1.260,000 $840,000 O $315.000 A company purchased a new truck at a cost of $48,600 on July 1, 2014. The truck is estimated to have a useful life of 6 years and a salvage value of $6,300. Using the straight-line method, how much depreciation expense will be recorded for the truck for the year ended December 31, 2014? Multiple Choice O $5,100 O $7,050 $8,100 $4,050 O $3,525