Question 6: On June 1, 2022, Portland Inc. reported a cash balance of $6,000. In the month of June, Portlland made deposits of $2,500 and made disbursements totalling $7,000. What is the cash balance at the end of June 2022? a. $1,500 debit balance b. $8,500 debit balance c. $1,500 credit balance d. $1,000 credit balance Question 7 Amount paid but expenses not yet incurred are called a. prepaid expenses. b. interim expenses. c. accrued expenses. d. unearned expenses Questions 8: Laker Incorporated has $1,000 supplies on 1 April 2022 and purchased supplies costing $7,000 on 1 April 2022. At the end of the accounting period on 30 April 2022, a physical count of supplies revealed $2,000 still on hand. The appropriate adjusting journal entry to be made on 30 April 2022 would be a. Debit Supplies Expense, $6,000; Credit Supplies, $6,000. b. Debit Supplies, $6,000; c. Debit Supplies Expense, $8,000; d. Debit Supplies, $8,000; Question 9 Credit Supplies Expense, $6,000. Credit Supplies, $8,000. Credit Supplies Expense, $8,000 REO received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Financial statements will be prepared on August 31. REO should make the following adjusting entry on August 31: a. Debit Unearned Rent Revenue, $27,000; b. Debit Rent Revenue, $27,000; c. Debit Unearned Rent Revenue, $9,000; d. Debit Cash, $9,000; Credit Rent Revenue, $27,000. Credit Unearned Rent Revenue, $27,000. Credit Rent Revenue, $9,000. Credit Rent Revenue, $9,000