The Big Wave Co. owes $2,800 in wages to their employees at the end of the year. Required: The required adjusted journal entry needed at the end of the year is: Select one: a DEBIT Wage payable $2,800 / CREDIT Wage expense $2,800 D. DEBIT Wage expense $2,800 / CREDIT Cash $2,800 c. DEBIT Wages payable $2,800 / CREDIT Cash $2,800 d. DEBIT Wage expense $2,800 / CREDIT Wage payable $2,800 The balance in the Supplies ledger account on the unadjusted trial balance is a debit of $9.000. The amount of supplies remaining on hand at the end of the year is $3,600, Required: The required adjusting journal entry needed at the end of the year is: Select one: a. DEBIT Supplies expense $3,600 / CREDIT Supplies $3,600 D. DEBIT Supplies $3,600 / CREDIT Supplies expense $3,600 c. DEBIT Supplies expense 55,400 / CREDIT Supplies $5,400 Od DEBIT Supplies 55,400 / CREDIT Supplies expense $5,400 Band.de Financial Accounting (2020/2021 Winter Term (12 Lake Co. reported the following amounts in their most recent financial statements: Accounts payable $ 1.500 Accounts receivable $ 2.500 Bank loan payable (due in five years) $12.000 Cash $ 3.000 Inventory $ 4.000 Notes payable (due within one year) $ 2.900 Prepaid insurance $ 500 Tax payable $ 2,000 Insurance expense $ 1,200 Wage payable $800 Required: Calculate the quick ratio for Lake Company: The formula is: current assets inventory_Repaid expenses. current liabilities Select one: 0 a 32 b. 39 OC. 76 d. 1.29 5 - Introductory Financial Accounting (2020/2021 Winter Term (1202 The unadjusted trial balance shows a $3,000 credit for Unearned Revenue. One-third remains unearned at the end of the year. Required: The adjusting entry needed at the end of the year is: Select one a DEBIT Sales Revenue $800 / CREDIT Uneared Revenue 5800 D. DEBIT Uneamed Revenue $1,000 CREDIT Sales Revenue $1,000 c. DEBIT Sales Revenue $2,000/ CREDIT Uneared Revenue $2,000 d DEBIT Uneared Revenue $2,000/ CR Sales Revenue $2,000 Finish attempt