Closing entries are journalized and posted: Select one: o a. At management's discretion b. Before the financial statements are prepared e c. At the end of each interim accounting period d. After the financial statements are prepared 30. C4.On 30 June Delima Bersaudara paid RM7,500 cash for management services to be performed over a two-year period. Delima Bersaudara follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On 30 June Delima Bersaudara should record: Select one: 2. A credit to a prepaid expense for RM7,500. b. A credit to an expense for RM7,500. O O O O O C. A debit to a prepaid expense for RM7,500. d. A debit to Cash For RM7,500. e. A debit to an expense for RM7,500. 31. C4.On 30 June of the current calendar year, Delima Bersaudara paid RM7,500 cash for management services to be performed over a two-year period. Delima Bersaudara follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on 31 December for Delima Bersaudara would include: Select one: O a. A debit to an expense for RM5,625. b. A credit to a liability for RM1,875. C. A debit to an expense for RM1,875. O o O d. A debit to a prepaid expense for RM5,625. o e. A debit to a prepaid expense for RM1,875. 33. C4.Prior to recording adjusting entries, the Office Supplies account had a RM359 debit balance. A physical count of the supplies showed RM105 of unused supplies available. The required adjusting entry is: Select one: O a. Debit Office Supplies Expense RM254 and credit Office Supplies RM254. o b. Debit Office Supplies Expense RM105 and credit Office Supplies RM105. o c. Debit Office Supplies RM105 and credit Supplies Expense RM254. O d. Debit Office Supplies RM254 and credit Office Supplies Expense RM254. O e. Debit Office Supplies RM105 and credit Office Supplies Expense RM105