un purchases office supplies at Office Depot, on account, fors NATE ACCOUNT 1717/2018 Depot, on account for $700 on 1/17/2018. DEBIT CREDIT lases (and pays) for a magazine advertisement in Sports Illustrated Magazine on 1/20/2018, tom $2,000. The advertisement will run in the May issue. DATE ACCOUNT DEBIT CREDIT 1/2008 5. On 1/31/2018, John declares a dividend of $1,000. This dividend will be paid to the stockholders 2/13/2018. Provide the journal entry for 1/31/2018. DATE ACCOUNT / DEBIT CREDIT 11/31/2018 Part V. True/False (5 points) For each question below, please mark if the statement is "True" or "False". 1) F 1. A purchase of Supplies with Cash was incorrectly recorded as a debit to Prepaid Ins to Accounts Payable. A trial balance would not uncover this error. T (F) 2. Adjusting entries sometimes affect the cash account. (F) 3. GAAP is set by the FICPA, SEC, and PCAOB