hoping to check my answers

QUESTION 8 MACs Airport Parking purchased two vans for the business on 1 January 2018. The vans cost $80 000 each and have a useful life of 5 years with an expected residual of $10 000 each. The adjusting entry for depreciation on 30 June 2013, using the straight-line method, is: O DR Accumulated depreciation 514 000: CR Depreciation expense $14 000 O DR Depreciation expense 514 000: CR Accumulated depreciation $14000 O DR Accumulated depreciation 528 000: CR Depreciation expense $28 000 DR Depreciation expense 528 000 CR Accumulated depreciation $28 000 None of the above QUESTION 9 During 2019 Annette's Mechanical paid out 585 000 in wages from its bank account. This $85 000 included $5 400 that was owing but unpaid at year-end for 2018. At year-end 2019 wages owing but unpaid were 512 300. The business uses accrual accounting. How much would be reported as wages expense for 2019? $85 000 $91 900 $97 300 O $12 300 O None of the above QUESTION 10 If an adjustment for depreciation is not recorded for the year, the effect on the financial statements will be: O Assets are understated; profit is understated O Assets are understated: profit is overstated O Assets are overstated: profit is overstated Assets are overstated: profit is understated None of the above QUESTION 11 On 1 October 2019 Biotek Ltd paid $9,000 for 6 months' rent in advance. The payment was recorded debiting prepaid rent. Select the adjusting entries that need to be made on 31 December 2019. Debit Rent Expense 4500; Credit Prepaid Rent 4500; Debit Prepaid Rent 4500: Credit Cash 4500: Debit Prepaid Rent 9000; Credit Rent Expense 9000: Debit Rent Expense 9000: Credit Cash 9000; Debit Prepaid Rent 4500: Credit Account Payable 4500: QUESTION 12 Under the perpetual inventory system, inventory purchased is debited to which account? O Cost of sales O Purchases Inventory Selling expenses O None of the above