During the year, Brown Company reported cost of goods sold of $2,276.1 million. Inventory at the start of the year was $820.1 million and at the end of the year was $878.7 million. Which of the following describes the closing entry that the company will make for these accounts? Select one: a. Credit Inventory $878.7 million b. None of these are correct. c. Credit Cost of goods sold $2,276.1 million d. Debit Inventory $58.6 million e. Debit Cost of goods sold $1,397.4 million On Jinuary 1; Fey Properties collected 510,800 toe six months' rent in advance from a tenant renting an apartment. Fey Company prepares monthily firancial statemense Which of the following descrites the reguired adjusting entry on January 31 ? Select bne: a Debit Unearned rent revenue for 59,000 and Credit Cash for $9,000 b. Debil Cash for 39,000 and Credic Unearned rent revenue for 59,000 c. Debit Unearned rent revenue for $1,800 and Credit Rent revenue for $1,800 4. Debit Cosh for 510,800 and Credit Rent revenue for 810,800 c. Debit Rent reyenue for $1,800 and Credit Unearned rent revenue for $1,300 Supgilies on hand at the end of the first muarter, arnount to 511,200 . To prepare financial statement for the first quarter, the company must record which of the following accounting adjustements? Select ones a Increase Supples inventory by $5,800 and decrease supplies experte by 56.500 b) tncrease Supplies inveritory by sit,200 and dectease supples expense by 511,200 ci increase Supples experise by 511,200 and decrease supplies inveritory by 511,200 d. None of the above e. Increase Suppliex expense by $6,800 and decrease Supplies inventory by 16,800