D Question 12 The balance in the Prepaid Insurance account before adjustment at the end of the year is $16,100, which represents four months' insurance paid on May 1. Which of the following adjusting entries is recorded correctly on May 31? O DR Prepaid Insurance $16.100. CR: Insurance Expense $16.100 O DR: Prepaid Insurance $4,025, CR: Insurance Expense $4,025 O DR Insurance Expense $4,025; CR Prepaid Insurance $4,025 O DR Insurance Expense $16.100 CR: Prepaid Insurance $16,100 Question 13 3 pts Cali Company purchased equipment for $37,200 on November 1. It is estimated that annual depreciation on the equipment will be $7,440. If financial statements are to be prepared on December 31 and no adjusting journal entries have been recorded until December 31, which of the following adjusting entries should be recorded? ODR Depreciation Expense $1.240, CR: Accumulated Depreciation $1,240 O DR Equipment $37,200 CR Accumulated Depreciation $37,200 O DR Depreciation Expense $7,440, CR: Accumulated Depreciation $7,440 O DR Depreciation Expense $620: CR: Accumulated Depreciation $620 Question 14 3 pts Williams Baseball Club sold season tickets for $10,200 cash. A total of 10 games will be played from March through October. In March, only one game was played. Which of the following adjusting entries is recorded correctly on March 31? O DR Unearned Revenue $1,020, CR Ticket Revenue $1.020 O DR: Cash $10.200, CR: Uneamed Revenue $10,200 O DR: Cash $1,020 CR Unearned Revenue $1.020 1 O DR Unearned Revenue $10,200 CR Ticket Revenue $10,200 3 pts