Question 5 Not yet answered Marked out of 5 P Flag question Following Transactions occurred during September 2020 1.Invested $10000 cash in exchange ordinary shares 2. Purchase Supplies for cash by $3000 3.Performed Services by $2000 cash 4. Received $5000 cash for service not yet performed 5.Paid $1500 for rent expenses Journalize the above transactions then posting to ledger (T. Accounts) Question 1 Not yet answered Marked out of 2 p Flag question X Company performed services by $3000 which was not yet received in cash, what is the adjusting entry should be prepared on Dec 31, 2020? O a. Debit Service Exp. $3000 and Credit Cash $3000. O b. Debit A/R $3000 and Credit Service Rev. $3000. C. Debit Cash $3000 and Credit Service Rev. $3000. O d. Debit Service Exp. $3000 and Credit A/P $3000. Question 4 Not yet answered Marked out of 5 P Flag question zozo is preparing its trial balance for May 31, 2020 from Following Balances: Cash $10000, A/R $5000, Office Equipment $ 6000, Supplies, $4000, Salaries Exp. $3000, Interest Exp. $4000, Other Exp. $5,000, Repair Exp. $1000, Service Revenue $15000, A/P $2000, Share Capital $18000, Retained Earnings $3000 Required: Prepare a trial balance for May 31,2020 Av B 1 A * U s ZOZO Company Trial Balance May 31, 2020 Accounts Dr. Cr Cash Office Equipment Supplies A/P Share Capital Question 2 Not yet answered Marked out of 2 p Flag question X Company has a accrued salaries of $500 has not been paid till end of 2020, what is the adjusting entry should be prepared on Dec 31, 2020? a. No Entry. O b. Debit Salaries Exp. $500 and Credit Prepaid Salaries $500. O c. Debit Salaries Exp. $500 and Credit Cash $500. O d. Debit Salaries Exp. $500 and Credit Salaries Payable $500