can you solve these questions ? 1. A company's unadjusted trial balance showed $1,000 worth supplies. In the first month, the company used supplies worth $350. How would you adjust the supplies account? a)A debit to the supplies account and a credit to the supplies expense account for $350. b)A debit to the supplies account and a credit to the supplies expense account for $650. c)A debit to the supplies expense account and a credit to the supplies account for $350. d)A debit to the supplies expense account and a credit to the supplies account for $650. 2. The process of recording interest on a promissory note that a company owes to a vendor is an example of: a)Deferred expense b)Accrued expense c)Deferred revenue d)Accrued revenue 3. Which of these is the adjusting entry to record $600 depreciation on equipment? a)Depreciation Expense 600 Accumulated Depreciation 600 b) Depreciation Expense 600 Equipment 600 c) Equipment 600 Accumulated Depreciation 600 d) Depreciation Expense 600 Equipment 600 4. A company's unadjusted Trial Balance shows a $5,000 balance in service revenue while the Adjusted Trial Balance shows a balance of $7,000. Which of these best describes the reason for the difference? a)An adjusting entry to debit service revenue by $2,000 was prepared. b)An adjusting entry to debit service revenue by $5,000 was prepared. c)An adjusting entry to record the payment of $2,000 of service revenue was prepared. d)An adjusting entry to credit service revenue by $2,000 was prepared. 5.The Statement of Retained Earnings is prepared using: a)An Adjusted Trial Balance and an Income Statement b)An Income Statement c)A Balance Sheet d)An Income Statement and a Balance Sheet 6.The Statement of Retained Earnings takes the beginning balance in _______, adds _______, and subtracts ______ to yield the current balance in retained earnings. a)Retained earnings, dividends, net income b)Net income, retained earnings, dividends c)Retained earnings, net income, dividends d)Net income, dividends, net income 7.A Balance Sheet is prepared using _______ a)An Adjusted Trial Balance and a Statement of Retained Earnings b)A Statement of Retained Earnings and an Income Statement c)An Adjusted Trial Balance d)An Income Statement and an Adjusted Trial Balance 8. Which of these is not reported in the Balance Sheet? a)Supplies b)Interest payable c)Retained earnings d)Net income

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