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2 points Question 1.34 At the beginning of November Manny Co. had $500 worth of supplies on hand. During the month of November Manny Co. purchased $2,000 worth of supplies. On November 30, Manny Co. counted supplies and found that $1,500 remained on hand. What is the appropriate adjusting entry at the end of November? O Debit supplies expense $1,000, Credit supplies $1,000 O Debit prepaid supplies $1,500, Credit supplies expense $1,500 O Debit supplies expense $500, Credit supplies $500 O Debit supplies expense $2.000, Credit supplies $2,000 Question 1.35 Samson and Sons purcha cost of the insurance policy was recorded in prepaid insurance. What is the adjusting journal entry required at the end of July? 2 points sed a 6-month insurance policy for $1,200 which covers the months July through December. Initially the entire O Debit prepaid insurance $200, Credit insurance expense $200 O Debit insurance expense $200, Credit prepaid insurance $200 O Debit prepaid insurance $1,200, Credit cash S1,200 O Debit insurance expense $1.200, Credit prepaid insurance $1,200