1. Oxl Inc. has provided services worth $2,000 to its customer. However the customer has not yet been billed. Which of the following journal entry is required to record the revenue?

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2.AAA Inc. has a December 31st year end. On January 1st, 2017, AAA Inc. took out a $50,000 bank loan. The loan has an interest rate of 10% annually. The loan and the interest will be paid at the end of five years. What adjusting entry is necessary on December 31st, 2017?

3.Question textXYZ Company lent $9,000 at 10% interest on December 1, 2016. The amount plus all interests accrued will be collected after 1 year. At the end of December, which of the following journal entry is required to take up the interest income?

4.On January 1st, ABC Co. enters into a six-month, $30,000 contract to do renovations for XYZ Co. How much unearned revenue will ABC Co. report on March 30th?

5.Question text

On the worksheet, Office supplies showed a debit balance of $6,800 on the Unadjusted Trial balance. The company used $3,200 of their office supplies during the fiscal period. What will be the value of Office supplies shown in the Adjusted Trial balance?