On December 1, OZU Company purchased inventory on account with a cost of $800. Credit terms were 2/10 net 30. On December 2, OZU Company returned 50 percent of the inventory OZU Company uses the perpetual inventory system. What journal entry did OZU Company prepare on December 2? O A. debit Purchase Returns for $400 and credit Accounts Payable for $400 O B. debit Accounts Payable for $400 and credit Inventory for $400 O C. debit Cash for $800 and credit Accounts Payable for $800 OD. debit Purchase Returns for $800 and credit Accounts Payable for $800 Click to select your answer. Home PUD F10 F9 F Pause Break Pet Sc Syska Delete Insent On December 1, 2019, Carrie's Day Care receives $1,500 in advance for an agreement to care for Susan's children for the months of December, January, and February. Carrie's Day Care will make an adjusting entry on December 31, 2019 to O A. credit Prepaid Revenue for $1,000 O B. credit Revenue for $1,000 O C. debit Unearned Revenue for $500. O D. credit Revenue for $1,500 Click to select your answer. F11 F12 PUD F8 Home F9 Pouse Break Floy Pe Sc SysRa Delete Insent A company purchased supplies during the year totaling $23,000. At the end of the year, they made an adjusting entry to record $14,000 of supplies that had been used during the year. The ending balance in the Supplies account after the adjustment was $10,000. The beginning balance in the Supplies account was: O A. $13,000 OB. $10,000 O C. $1,000 OD. $9,000 Click to select your answer F10 Pause Break Pri Sc Sysra Home Delete Krysert F8 A business paid $2,800 on account. The journal entry would: O A. debit Cash for $2,800 and credit Accounts Payable for $2,800. OB. debit Accounts Receivable for $2,800 and credit Revenue for $2,800. O C. debit Accounts Payable for $2,800 and credit Cash for $2,800. OD. debit Cash for $2,800 and credit Retained Earnings for $2,800 Click to select your