QUESTION 4 At the beginning of 2022. Terminus Company had $1,075 of supplies on hand. During the year, the business acquired additional items for $8,000 and recorded these purchases by increasing its supplies inventory account. Terminus held $1,300 of supplies at the end of the year. Which of the following will Terminus Company present on its balance sheet at December 31, 2022? a. Supplies Expense with a balance of $1,075 b. Supplies Inventory with a balance of $1,075 c. Supplies Inventory with a balance of $7.775 d. Supplies inventory with a balance of 1300 Oe. Supplies Expense with a balance of $7.775 QUESTION 5 At the beginning of 2022, Terminus Company had $1,075 of supplies on hand. During the year, the business acquired additional items for $8,000 and recorded these purchases by increasing its supplies inventory account. Terminus held $1,300 of supplies at the end of the year. Which of the following will Terminus Company present on its income statement for the year ended December 31, 2022? a. Supplies Expense with a balance of $1,075 b. Supplies Inventory with a balance of $1,075 c. Supplies Inventory with a balance of $1,300 d. Supplies Inventory with a balance of $7,775 e. Supplies Expense with a balance of $7,775 QUESTION 6 On January 1 of 2021. Trantor Company sent a $16,000 check to its landlord to pay 16 months rent in advance. Trantor booked this transaction by increasing prepaid rent in its accounting records, What balance of prepaid rent will Trantor Company report after it posts the appropriate adjusting entry on December 31, 2021? a. $4,000 b. $1,000 c. $12,000 d. $16,000