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HELP?!? Bauer Company, who sells college logo clothing, purchased $135,000 of supplies on account during 2020. On January 1, 2020, ABC had $38,000 in the

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Bauer Company, who sells college logo clothing, purchased $135,000 of supplies on account during 2020. On January 1, 2020, ABC had $38,000 in the supplies account and on December 31, 2020 a physical count of supplies revealed $44,000 still on hand. In the adjusting entry on December 31, 2020, what is the debit to supplies expense? Multiple Choice $ 59,000 $ 91,000 $ 97,000 $129,000 Swenson Corporation on January 1, 2021, had $400 in the Unearned Revenue account. During 2021, Swenson received $7,000 of cash in advance for services to be performed at a later date. At the end of 2021, Swenson Corporation had not yet performed services worth $1,900. What would be included in the adjusting journal entry related to this information? Multiple Choice Debit Unearned Revenue for $5,500. O O Debit Uneamed Revenue for $ 5,100. Credit Service Revenue for $ 5,500. O .o Credit Service Revenue for $ 1.900. What accounting principles cause a company to prepare adjusting journal entries? Multiple Choice Matching Principle and Entity Concept Revenue Recognition and Going Concern Matching Principle and Revenue Recognition Accrual Principle and Revenue Recognition

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