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Remaining Time: 53 minutes, 47 seconds. Question Completion Status: QUESTION 1 Data for an adjusting entry described as "accrued wages, $2,020 requires a a debit to Accounts Receivable and a credit to Wages Expense b. debit to Wages Expense and a credit to Wages Payable c. debit to Wages Payable and a credit to Wages Expense d. debit to Drawing and a credit to Wages Payable QUESTION 2 Smokey Company purchases a one-year insurance policy on July 1 for $3,600. The adjusting entry on December 31 is a. debit Insurance Expense, $2,100; credit Prepaid Insurance, $2,100 b. debit Insurance Expense, $1,800; credit Prepaid Insurance, $1,800 c. debit Prepaid Insurance, S1,800; credit Cash, $1,800 d. debit Insurance Expense, $1,500; credit Prepaid Insurance, S1,500 QUESTION 3 The balance in the prepaid rent account before adjustment at the end of the year is $32,000, which represents four month rent paid on December 1. The adjusting entry required on December 31 is a debit Prepaid Rent, $24,000, credit Rent Expense, $8,000 b. debit Rent Expense, $24,000 credit Prepaid Rent, $8,000 c. debit Prepaid Rent, $8,000; credit Rent Expense, $8,000 d. debit Rent Expense, $8,000, credit Prepaid Rent, 58,000 SA Click Save and Submit to save and submit. Click Save All Arts to save all annen go % 5 6 0 4. 3 2 T R E WE