Adelman Company received a $100,000, one year, 9 percent bank loan on October 31, 2016. Interest is payable at the end of the loan term. Adelmans adjusting entry at the end of their fiscal year on March 31, 2017 is:

	A.	A debit to Interest Receivable of $4,500 and a credit to Interest Payable of $4,500
	B.	A debit to Interest Expense of $1,500 and a credit to Interest Payable of $1,500
	C.	A debit to Interest Expense of $3,750 and a credit to Interest Payable of $3,750
	D.	A debit to Interest Expense of $9,000 and a credit to Interest Revenue of $9,000

At the beginning of the period, Cracker Corporation had $800 of supplies on hand. During the period, it purchased $1,800 of supplies and at the end of the period, the company determined that only $1,600 of supplies were still on hand. What adjusting entry should Cracker Corporation make at the end of the period?

A.

Supplies Expense

2,600

Supplies

2,600

B.

Supplies

2,600

Supplies Expense

2,600

C.

Supplies

1,000

Supplies Expense

1,000

D.

Supplies Expense

1,000

Supplies

1,000

On June 1, 2016, Enne Brahtz Corporation received $3,600 as advance payment for 12 months' advertising. The receipt was recorded as a credit to Unearned Fees. What adjusting entry is required on December 31, 2016?

A.

Unearned Fees

2,100

Advertising Revenue

2,100

B.

Unearned Fees

1,500

Advertising Revenue

1,500

C.

Unearned Fees

1,800

Advertising Revenue

1,800

D.

Advertising Revenue

2,100

Unearned Fees

2,100