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On October 1, 2016, Golde Company paid $18, 600 for one year of insurance for the period, October 1, 2016 through September 30, 2017. Which

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On October 1, 2016, Golde Company paid $18, 600 for one year of insurance for the period, October 1, 2016 through September 30, 2017. Which of the following will be part of the adjusting entry on December 31, 2016? Debit Prepaid Insurance for $13, 950 Debit Insurance Expense for $13, 950 Debit Prepaid Insurance for $4650 Debit Insurance Expense for $4650 A company started the year with $300 of supplies. During the year, the company purchased an additional $1200 of supplies. There were $500 of supplies on hand at the end of the year. An adjusting entry prepared at the end of the accounting period includes a: debit to Supplies for $500. debit to Supplies Expense for $200. debit to Supplies Expense for $1000. debit to Supplies for $900. On October 1, McReady Company paid six months' insurance in advance totaling $7800. The policy begins on October 1. An adjusted trial balance prepared on December 31 would include a balance in the Prepaid Insurance account of: $7800. $3900. $2600. $0. At December 31, the NBC Company owes an employee for four days of work that will not be paid until January 5th. The weekly rate of pay for a fiveminus-day workweek is $800. The adjusting entry to record the accrued wages will include a: debit to Salaries Payable for $800. debit to Salaries Payable for $640. debit to Salaries Expense for $640. debit to Salaries Expense for $800

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