As of the beginning of $2020,$ the Balboa Company had equipment totaling $$1,650,000$ which was depreciated at $$150,000$ per year. If Balboa makes the appropriate adjusting entry at year end, which of the following is one part of the journal entry that will be made?

A$)$ Debit Equipment for $$150,000$

B$)$ Credit Depreciation Expense for $$150,000$

C$)$ Debit Equipment for $$1,650,000$

D$)$ Credit Accumulated Depreciation for $$150,000$

If the beginning Cash account balance of Crossbow, Inc. was $$46,800,$ the ending balance was $$22,200,$ and total cash received during the period was $$71,000,$ what amount of cash was paid out during the period?

A$)$ $$24,600$

B$)$ $$95,600$

C$)$ $$104,400$

D$)$ $$117,800$

Which one of the following errors causes an understatement of net income?

A$)$ Failure to accrue revenue earned but not billed

B$)$ Failure to accrue wages earned but not yet paid to employees

C$)$ Failure to record depreciation expense

D$)$ Failure to record payment of account payable