At the end of its fiscal year, the company had only $100 of office supplies on hand but the supplies account listed $550. What is the year end adjusting journal entry?

a. debit supplies and credit supplies expense for $100

b. debit supplies expense and credit supplies for $100

c. debit supplies and credit supplies expense for $450

d. debit supplies expense and credit supplies for $450 On March 1, Babko Company paid $1,500 for 6 months rent. What is the adjusting entry for the fiscal year ending June 30?

a. debit rent expense and credit prepaid rent for $750 b. debit prepaid rent and credit rent expense for $750

c. debit rent expense and credit prepaid rent for $1,000

d. debit prepaid rent and credit rent expense for $1,000

Employees are paid every two weeks. On December 31, employees are owed $2,500 in salaries since the last payday on December 22. What is the adjusting journal entry? a. debit cash and credit salaries expense

b. debit salaries expense and credit cash

c. debit salaries payable and credit salaries expense

d. debit salaries expense and credit salaries payable