Need help with these accounting questions please. Have to Choose from options

1. If total liabilities increased by $5,000, then

assets and owner's equity each increased by $2,500.

assets must have decreased by $5,000.

owner's equity must have increased by $5,000.

assets must have increased by $5,000, or owner's equity must have decreased by $5,000

Question 2

The usual sequence of steps in the recording process is to

analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts.

analyze each transaction, enter the transaction in the ledger, and transfer the information to the journal.

analyze each transaction, enter the transaction in the book of accounts, and transfer the information to the journal.

analyze each transaction, enter the transaction in the book of original entry, and transfer the information to the journal.

Question 3

The difference between the cost of a long-lived asset and its related accumulated depreciation is referred to as the

fair value of the long-lived asset.

blue book value of the long-lived asset.

carrying amount of the long-lived asset.

depreciated difference of the long-lived asset

Question 4

The Kookie Kutter Bakery purchased $6,500 worth of baking supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the baking supplies indicated only $3,000 on hand. The adjusting entry that should be made by the company on June 30 is

debit Baking Supplies Expense, $3,000; credit Baking Supplies, $3,000.

debit Baking Supplies Expense, $3,500; credit Baking Supplies, $3,500.

debit Baking Supplies, $3,500; credit Baking Supplies Expense, $3,500.

debit Baking Supplies Expense, $3,500; credit Baking Supplies, $3,000.