No need explanation. Just want to check my answer.

Question 1 (2 points) Saved Adjusting journal entries: O A) must be journalized and posted. OB) need not be journalized since they appear on the worksheet. o cy need not be posted if the financial statements are prepared from the worksheet. OD) are not needed if closing entries are prepared. Question 2 (2 points) Each adjusting entry affects: OA) the income statement. OB) the balance sheet. OC) the cash account. O D) Both the income statement and the balance sheet are correct. Question 3 (2 points) Tom's Electrical Service purchased tools for $6,000. They have an expected life of 30 months and no residual value. The adjusting journal entry for the month is: A) Depreciation Expense Tools 300 300 300 B) Depreciation Expense 300 Accumulated Depreciation Accumulated Depreciation 300 Equipment Accumulated Depreciation 1300 Depreciation Expense 300 OD) 300 Question 4 (2 points) Sandra's Design Studio showed office supplies account showed a balance of $1,000. A count of the supplies left on hand as of June 30 was $700. The adjusting journal entry is: 300 1700 700 Office Supplies Expense Office Supplies Office Supplies Office Supplies Expense ce Supplies Expense Office Supplies Office Supplies Office Supplies Expense 700 700 300 Question 5 (2 points) The income statement debit column of the worksheet showed the following expenses: Supplies Expense $1,200 Depreciation Expense 400 Salaries Expense 200 The journal entry to close the expense accounts is: 1,800 1,200 400 200 Income Summary 1,800 Capital Income Summary 1,800 Supplies Expense Depreciation Expense Salaries Expense Supplies Expense 1,200 Depreciation Expense 400 Salaries Expense 200 Income Summary Capital Income Summary 1,800 1,800 1 ,800 Question 6 (2 points) Closing entries are prepared: O A ) to clear all temporary accounts to zero. OB) to update the Capital balance. OC) at the end of the accounting period. OD) All of these are correct