On January 1, Fey Properties collected $7,200 for six months' rent in advance from a tenant renting an apartment. Fey Company prepares monthly financial statements. Which of the following describes the required adjusting entry on January 31? Select one: 0 a. Debit Cash for $6,000 and Credit Unearned rent revenue for $6,000 O b. Debit Rent revenue for $1,200 and Credit Unearned rent revenue for $1,200 O c. Debit Unearned rent revenue for $6,000 and Credit Cash for $6,000 d. Debit Unearned rent revenue for $1,200 and Credit Rent revenue for $1,200 e. Debit Cash for $7,200 and Credit Rent revenue for $7,200 During its first three months of operations, Cari's Bakery, Inc. purchased supplies such as plates, napkins, bags, and cutlery for $9,000 and recorded this as supplies inventory. Supplies on hand at the end of the first quarter, amount to $5,600. To prepare financial statement for the first quarter, the company must record which of the following accounting adjustments? Select one: 0 a. Increase Supplies inventory by $3,400 and decrease Supplies expense by $3,400 b. Increase Supplies inventory by $5,600 and decrease Supplies expense by $5,600 c. None of the above. d. Increase Supplies expense by $5,600 and decrease Supplies inventory by $5,600 e. Increase Supplies expense by $3,400 and decrease Supplies inventory by $3,400 Which of the following accounts would not appear in a closing entry? Select one: A. Interest expense B. Accumulated depreciation C. Cost of goods sold D. Dividends E. Both B and D