Boyce Company purchased office supplies costing $7,000 and debited supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1, 800 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: A) debit supplies Expense, $1, 800 credit supplies, $1, 800. B) debit supplies Expense, $5, 200 credit supplies. $5, 200. C) debit supplies, $5, 200; credit Supplies Expense, $5, 200. D) debit supplies, $1, 800: credit supplies Expense, $1, 800. Kinsler Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $250,000 and credit sales are $1,000,000. Management estimates that 6% accounts receivable will be uncollectible. What adjusting entry will Kinsler Company make if the Allowance for Doubtful Accounts has a credit balance of $2, 500 before adjustment? Bad Debts Expense 12, 500 Allowance for Doubtful Accounts 12, 500 Bad Debts Expense 17, 500 Allowance for Doubtful Accounts 17, 500 Bad Debts Expense 5,000 Allowance for Doubtful Accounts 5,000 Bad Debts Expense 10,000 Accounts Receivable 10,000 Accrued revenues are: A) recognized but not yet received or recorded. B) received and recorded as liabilities before they are recognized C) and recorded as liabilities before they are received D) recognized and already received and recorded