SHARJAH HIGHER COLLEGES OF TECH 6 As pepaid espenses expire with the passage of time, the comect djusting estry will be a asset accoust and a credit to an expense account. B. dehit so an espease account and a credit so an asset account. C. dehit to an asset accoust and a credil to an asset accoust to an expense account and a credit to an expense 7. Belal Company parchased office supplies coting AED6,000 and debied Office Supplies for the fall amount At the end of the accounting period, a physical count of office supplies revealed AFD2,400 still on hand. The appropriate adjusting joumal entry so be made al the end of the period would be A. Debit fice Sapplies Expemse AED2,400, Coedit Office Supplies, AED2400 B. Debit Office Supplies, AED3,600, Credit Office Supplies Expense, AED3,.600. . Debit Office Supplies Espene, AEOSO. Credit Otice Supplies, AED1000. D. Debit Ofice Supplics, AED2,400 Credit Office Supplies Expense, AED2,400. S. Ahmed Real Estate eccived a check for AEDIS,000 on Jaly 1 which represents a 6 month client. Uncamed Rest was credited for advance payment of reet on a building iR rents to a the full AFD18,000. Financial statements will be peepared on July 31. Ahmed Real Estane should make the follewing adjusting eatry on July 31: A. Debit Unearned Rent, AED3,000, Credit Rental RevenuE, AED3,000. B. Debit Rental Revenue, AED3,000, Credit Unearned Rent, AED3,000. C. Debit Unearned Rent, AFDL8,000, Credit Rental Revene, AEDI8000. D. Debit Cash, AED18,000: Credit Rental Revenue, AED18,000. 9. At December 31, 2015, before any year-end adjustments, Majed Car Company's Insurance Expense account had a balance of AEDI.450 and its Prepaid Insurance account had a balance of AED3,800. It was detcrmined that AED3,000 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be Page 3 ot 7