Question 40 1.5 pts Following appropriate accounting principles, which of the following will most likely NOT require an adjusting entry? O Interest incurred on notes payable but not yet paid Interest received on notes receivable but not yet earned O Interest earned on notes receivable but not yet received Interest not yet earned nor received on a note receivable Question 39 1.5 pts At year-end, the company debited Supplies Expense for P5,450 and credited Supplies also for P5,450 in its books. This journal entry MOST LIKELY means that the company O Had bought supplies worth P5,450 O Had used supplies worth P5,450 O Had bought supplies worth less than P5,450 Still has unused supplies worth P5,450