om of 30 Question 13 1 points In its first year of operations, Company MA reports the following Earned revenues of $60,000 (852.000 cash received from customers incurred expenses of $35,000 531,000 cash paid toward themes Prepaid 58.000 cash for costs that will not be expensed until next year. Net income under the accrual basis of accounting : $25,000 $17.000 $13.000 521.000 Question 14 1 points Prior to recording adjusting entries, the Office Supplies account had a $359 debit balance. A physical count of the supplies showed 5105 of unused supplies available. The reared adjusting entry is Debit Office Supplies Expense 5254 and credit Office Supplies 5254 Debit Office Supplies 5105 and credit Office Supplies Expense $105 Debit Office Supplies 5254 and credit Office Supplies Expense $254. Debit Office Supplies Expense 5105 and credit Office Supplies 5105 Question 15 1 points Company MA rents space to a tenant for $2,200 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November December, and January Fents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is Debit Rent Receivable, 54,400, credit Rent Earned, 54,400 Debit Unearned Rent, $2,200, credit Rent Earned, 52,200 Debit Rent Receivable $2,200, credit Rent Earned, $2,200 Debit Rent Receivable, 56,000 credit Rent Earned, 56,600 Question 16 The information in the following T-accounts indicates that Cash 850 Notes Payable 850 the company borrowed $850. stockholders invested $850 cash in the corporation the company loaned $850 to another company. the company repaid a $850 debt. Moving to another question will save this response