Question
Good morning I need some help with these practice questions that I just cant seem to get right, if whoever answers them can also give
Good morning I need some help with these practice questions that I just cant seem to get right, if whoever answers them can also give me a brief explanation of why is that the correct answer, I would greatly appreciate it .
Question 2
0 / 4 pts
The balance in the office supplies account on June 1 was $9,200, supplies purchased during June were $2,500, and the supplies on hand at June 30 were $2,000. The amount to be used for the appropriate adjusting entry is
$9,700
$2,500
$5,700
$4,500
Question 17
0 / 4 pts
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet:
Accumulated Depreciation | $ 2,000 |
Service Revenue | 10,000 |
Depreciation Expense | 1,000 |
Insurance Expense | 500 |
Prepaid Insurance | 4,500 |
Supplies | 1,200 |
Supplies Expenses | 3,500 |
|
|
Net income for the period is
$4,300
$10,000
$2,300
$5,000
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