Question 2 (2 points) A company had $1000 of Supplies on Hand at the beginning of the year. They purchased $15,000 more supplies and chose to put this in Supplies Expense. At the end of the year, a count shows $200 of supplies are still unused. Which of the following would be the correct adjusting entry? Dr Supplies Expense $15800 and cr. Supplies on Hand $15800 Dr Supplies on Hand $800 Cr. Supplies Expense $800 Dr. Supplies on Hand 4200 : Cr. Supplies Expense $200 O Dr. Supplies Expense 800 Cr. Supplies On Hand 800 Question 3 (2 points) During the year the relator paid $5000 for advertising materials and recorded this as Advertising SUPPLIES. On December 31, only $800 worth of the Advertising Supplies are still on hand. What adjusting Entry is needed? Dr. Advertising Expense $4200 Dr. Advertising Supplies $800 Cr. Cash $5000 Dr. Advertising Supplies Expense $800 Cr. Advertising Supplies $800 Dr Advertising Expense 4200 Cr. Advertising Supplies 4200 Dr. Advertising Supplies $4200 Dr. Advertising Expense $4200 Question 4 (2 points) How many of these accounts would have a normal net credit balance? Dividends Accumulated Depreciation Cost of Goods Sold Freight in Allowance for Doubtful Accounts Unearned Sales Revenue Zero One TWO Three Four Five