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Questions 18-21 Mid Co is a calendar year company. Below 15 the year ended December 31, 20X8 ber 31, 20X8. Use the data to answer

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Questions 18-21 Mid Co is a calendar year company. Below 15 the year ended December 31, 20X8 ber 31, 20X8. Use the data to answer the next four . Below is its partial work the next four questions. Adjustments Adjusted trial balance Dr Or Unadjusted trial balance Dr Cr 50,000 2,000 1,500 DrCr Accounts Receivable Allow. For Doubtful Accounts Supplies On Hand Wages Payable Notes Payable Bad Debt Expense Supplies Expense Wage Expense 1.000 20.000 600 4.000 18. If the partial adjustment to Wages Payable is correct what is the adjusted balance in Wage Expense? a. $4,000 b. $5,000 c. $3,000 d. $1,000 19. If the adjustment to Supplies Expense is correct, what is the adjusted balance in Supplies On Hand? a. $1,500 b. $2,100 c. $1,900 d. $900 20. If the company estimates 4% of Accounts Receivable to be uncollectible, what is the debit to Bad Debt Expense in the adjustments column? a. $0 b. $2,000 c. $4,000 d. $1,000 21. On July 1, 20X6, the company borrowed $20,000 and must repay principal and accrued interest of 10% a year on July 1, 20X9. Based on this information, the debit to Interest Expense in the Adjustments column is: a. $0 b. $1,000 c. $2,000 d. $4,000 Page 5 of 11

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