Please answer all the questions for the guaranteed upvote.

1. On Jan 2 2020, Jun purchased supplies amounting to 10,000 by paying cash. Had it been recorded under the expense method.

a. Debit Unused Supplies, Credit Supplies Expense b. Debit Unused Supplies, Credit Cash c. Debit Supplies Expense, Credit Cash d. Debit Supplies Expense, Credit Unused Supplies

2. On Jan 4, 2020, Peter paid one-year rent for 12,000. Peter recorded the transaction using the expense method. At the end of the month, the adjusting entry would have been

a.Debit Prepaid Rent 12,000 Credit Rent Expense 12,000 b. Debit Prepaid Rent 1,000 Credit Rent Expense 1,000 c. Debit Prepaid Rent 11,000 Credit Rent Expense 11,000 d. Debit Prepaid Rent 11,000 Debit Rent Expense 1,000 Credit Cash 12,000

3. On May 5, Lorenzo purchase merchandise on account amounting to 50,000. Term 2/10, n/30. On May 16, account is settled in full. Compute for the discount granted.

a. 1000 b. 10,000 c. 0 d. 100

4. Tanley sold merchandise on account to Jen on July 15 amounting to 25,000. Term FOB Destination, 5/5, n/30. Jen paid in full on July 20. Compute for the sales discount granted to Jen if any.

a. 12,500 b. 1,250 c. 0 d. 100

5. Relating to no.4, how much did Tanley receive as full payment on July 20?

a. 23,750 b. 25,000 c. 1,250 d. 12,500