During their first year, Ann Zi & Associates bought $96,000 worth of supplies for their CPA firm. When purchased, the supplies were debited to Supplies and credited to Accounts Payable. What adjusting entry would Ann Zi & Associates make if $24,000 worth of supplies were on hand at year-end? Select one: O A. Supplies 72,000 Supplies Expense 72,000 OB. Supplies Expense Supplies 72,000 72,000 OC. Supplies Expense Supplies 24,000 24,000 OD. Supplies 24,000 Supplies Expense 24,000 Art Company calculates that interest of $1,800 has accrued at December 31 on outstanding notes payable. How should Art record this on December 31? Select one: O A. Interest Expense Interest Payable 1,800 1,800 OB. Interest Payable Interest Expense 1,800 1,800 oc. Prepaid Interest Interest Expense 1,800 1,800 OD. Interest Expense Cash 1,800 1,800 Assume December 31 is a Wednesday. Rite Weld Company's wages are paid every Friday, and the weekly payroll (for five days) amounts to $6,000. To record the correct amount of expense for December, Rite Weld makes the following entry on December 31: Select one: O A. Wages Payable Wages Expense 3,600 3,600 OB. Wages Expense Wages Payable 3,360 3,360 OC. Wages Payable Wages Expense 6,000 6,000 OD. Wages Expense Wages Payable 3,600 3,600 Runner Company calculates it has earned (but not yet collected or recorded) interest of $3,150 at December 31 on outstanding notes receivable. How should Runner record this on December 31? Select one: O A. Interest Receivable Interest Income 3,150 3,150 O B. 3,150 Interest Payable Interest Income 3,150 oc. Interest Receivable Interest Payable 3,150 3,150 O D. Interest Income Interest Receivable 3,150 3,150