The balance in the office supplies account on July 1 was $3,200, supplies on hand July 31 was $1,200. What is the journal entry to adjust for the use of supplies? O debit supplies $1200; credit supplies expense $1200 Odebit supplies $2000; credit supplies expense $2000 debit supplies expense $2000; credit supplies $2000 debit supplies expense $1200; credit supplies $1200 Question 5 2 pts A lawyer's office has worked on a case during the month of January, but will not bill the customer until February when the case is done. In order to following the matching principle, the following entry should be made on January 31 before monthly financial statements are completed: debit fees carned credit AR debittees carned, credit uncarned fees debit AR credit fees camned dohle AR credit uncomod troos The entry to close out a Revenue account (such as Fees earned) would be the following? Debit Retained Earnings: Credit Unearned Fees Debit Retained Earnings: Credit Fees Earned Debit Fees Eamed; Credit Retained Earnings Debit Unearned Fees; Credit Retained Earnings Question 10 2 pts Dividends has a debit balance of $2.000. What is the closing entry? Debit Common Stock: Credit Retained Earnings Debit Dividends: Credit Common Stock Debit Dividends: Credit Retained Earnings Debit Retained Earnings: Credit Dividends Which of the following accounts appears on the post-closing trial balance? O Unearned Fees O Insurance Expense O Dividends O Fees Earned Question 12 2 pts Assuming normal balances, to close out the expense accounts, you must do the following for each expense account? Debit Common Stock for each expense account balance Credit Common Stock for each expense account balance Credit each expense account for the balance Debit each expense account for the balance