estion 4 points On November 1, 2020, Hamad Town Trading signed a 120 day, 8% note payable with a face value of $180,000. The adjusting entry for the orders at December it on the would be? (Use 360 days a year.) O A Debit: Interest Payable, $1,200; Credit: Interest Expense, $1,200. OB. No adjusting entry is required, Oc Dobit: Interest Expanse, $1,200: Credit: Interest Payablo, $1.200. OD. Debit: Interest Expense, $2.400 Credit: Interest Payable, 52.400. OU estion 2 polts Ali, Bader and Mazin are partners with capital balances of $450,000,000,000 and $550,000, respectively. The income and to sharing tatoualy Al wild for the per and is paid cash of $390,000 for his partnership interest. The balances of Bader and Mazin capital accounts after As withdrawal O A Bader, 5900,000; Mazin, S550,000 O B. Bader, 5930,000: Mazin, S580,000 O c. Bader, $390,000; Mazin, $450,000 D. Bader, $870,000; Mazin, $520,000 estion 3 points On November 1, 2020, SEEF Trading entered into an agreement by signed a 90 day, 6% note payable with a face value of BD 60,000 How much to expense de served at December 31, 2020 on this note? (Use 360 days a year) O A. BD 600 OB. BD 3,600. c. BDO. D, BD 30. MOVIU DHE ME stion 4 1 points On November 1, 2020, Hamad Town Trading signed a 120-day 8% noto payable with a face value of S180,000. The adjusting endy for the accrued interest Dober 31 would be? (Use 380 days a year) O A. Debit: Interest Payablo, $1,200, Credit: Interest Expense, S1,200 B. No adjusting entry is required, O c. Debit: Interest Expenso, $1,200, Credit: Interest Payable, $1.200 OD Debit: Interest Expense, $2.400 Credit: Interest Payable, $2,400. SUPRA 8 10 11 12 13 A Moving to another question will save this response. Question 5 All the following statements about liabilities are true EXCEPT O A. They are classified as short or long term liabilities. O B. To be reported, they must be present obligations that results from a past transactions or events. O c. Future salaries and wages to be paid for staff should be reported as liabilities OD. They are probable future payments of assets or services illcove this response A Moving to another question will save this response. Question 6 A contract or agreement of a partnership: O A. Is recommended to be in a written form O B. Must be in a verbal form only. oc. Includes ONLY partners' names and address of each partner O D. Must be in a written form only. Moving to another question will save this response. CEIPRA Question 8 Plant assets may include all the following EXCEPT: O A. Cars and trucks. OB. Copyright and Trade marks. O C. Machines and equipments. O D. Land and land improvement