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Smith bought a new automobile on January 1, 2019 for $30,000 and it is expected to last for years. Smith calculates the annual wear and

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Smith bought a new automobile on January 1, 2019 for $30,000 and it is expected to last for years. Smith calculates the annual wear and tear on his automobile to be $6,000. Therefore, his adjusting entry on December 31, 2019 should be: A) Dr. Depreciation Expense-Auto 6,000, Gr. Auto 6,000 B) Dr. Depreciation Expense-Auto 6,000. Cr. Cash 6,000 C) Dr. Depreciation Expense-Auto 6,000, Cr. Accumulated Depreciation-Auto 6,000 D) Dr. Auto Expense 6,000, Cr. Accumulated Depreciation-Auto 6,000 E) Dr. Auto Expense 6,000, Cr. Cash 6,000 5) The unadjusted balance in the Uneared Service Revenue account was $$4,000. An analysis indicated that only 25% remained unearned. On December 31, 2019 Smith's adjusting entry should be: A) Dr. Unearned Service Revenue 3,000, C. Service Revenue 3,000 B) Dr. Unearned Service Revenue 1,000. Cr. Service Revenue 1,000 C) Dr. Unearned Service Revenue 1.000.C. Accounts Receivable 1,000 D) Dr. Service Revenue 1,000, Cr. Uncamned Service Revenue 1,000 E) Dr. Service Revenue 3,000, Gr. Unearned Service Revenue 3,000 6) Smith did some work for a client on December 31, 2019 and sent out a bill for $500. Smith should make which of the following entries: A) Dr. Accounts Receivable 500, Gr. Service Revenue 500 B) Dr. Service Revenue 500, Cr. Accounts Receivable 500 C) Dr. Cash 500, Gr. Service Revenue 500 D) Dr. Accounts Receivable 500. Cr. Uncamed Service Revenue 500 E) Dr. Cash 500, Cr. Accounts Receivable 500

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