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Please answer them all!! Thank you so much!! 2 Tina's Event Planning bought a computer worth $3,000 with an expected life of 5 years and

Please answer them all!! Thank you so much!!
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2 Tina's Event Planning bought a computer worth $3,000 with an expected life of 5 years and a residual value of $250. What is the adjusting journal entry after the first year? a) Computer 550 Depreciation Expense 550 b) Computer 550 Accumulated Depreciation, Computer 550 c) Depreciation Expense 550 Accumulated Depreciation, Computer 550 d) Depreciation Expense 550 Computer 550 3 The Rent Expense account had a normal balance of $1,150. The entry to close the account would include a: a) debit to Rent Expense, $1,150. b) debit to Income Summary, $1,150. c) debit to Capital, $1,150. d) credit to Income Summary, $1,150. 4 M. Smuts showed a net income of $7,500. The entry to close the Income Summary account would include a: a) debit to M. Smuts Capital, $7,500. b) credit to M. Smuts Capital, $7,500. c) debit to Income Summary, $7,500. d) Both "b" and "e" are correct. 5 Oros showed a net loss of $3,250. The entry to close the Income Summary account would include a: a) debit to Oros, Capital, $3,250. b) debit to Income Summary, $3,250. c) credit to Oros, Capital, $3,250. d) credit to Cash, $3,250

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