Tipper Inc. had the following transactions during 2020: Sales of $13,000 on account for 2020 Collected $19.000 for services to be performed in 2021 Paid $5,000 cash in salaries for 2020 Purchased airline tickets for $2,000 in December for a trip to take place in 2021 What is Tipper Inc's 2020 net income using accrual accounting? $14,000 $8,000 $25,000 $6,000 5 pts Question 1 5 pts Question 15 Question 8 5 pts Borrowing money is an example of aln) A paid dividend to stockholders The Antique Bookstore Company purchased $12,500 worth of office supplies on Sept 2 and recorded the purchase as an asset On June 30, a physical count of the office supplies indicated only $4,500 on hand. The adjusting entry that should be made by the company on Sept 30 is: operating activity increases assets and stockholders' equity investine activity decreases assets and stockholders equily equity financing activity debit Supplies Experise, $4.500: credit Supplies. $4,500 decreases assets and increases stockholders'equity o debt financing activity. debit Supplies $8,000 credit Supplies Expense $8,000 increases assets and decreases stockholders' equity. debit Supplies Expense. $8,000: credit Supplies $8,000. debit Supplies $4,500; credit Supplies Expense. $4,500