urces Question Question Question Question | Question 9 3 pts Time Ansing Aldea 1 Hour 24 Minutes 1 Seco Taylor Company collected $12,000 rent on excess office space on July 1, 2019 and credited Uneamed Rent Revenue. The rental agreement covered 1 year, beginning on July 1, 2019. What would be the appropriate debit credit and amount in the necessary monthly adjusting journal entry at July 31, 2019. Debit: Select Select) Credit: Solect) Amount: Next Creston 1 Eesources 3 pts Question 10 ari - Bunko Company's prepaid insurance account has a balance of $24,000 and represents a two-year insurance policy purchased on October 1, 2019. What would be the appropriate debit, credit, and amount in the necessary quarterly adjusting journal entry at December 31, 2019. Debit / Select) Credit: (Select Amount Select Resources Ja D Question 11 3 pts Time Running 1 Hour 6 Mule 4 Second Pandora Company's Supplies balance is $60,000 on its trial balance. An inventory of Supplies at 12/31/2019 indicated that $20,000 of supplies are on hand. What would be the appropriate debit, credit, and amount in the necessary annual adjusting journal entry at December 31, 2019. Debit Select) Credit: Select Amount: Solect) Previous OC Resources Ja D Question 11 3 pts Time Running 1 Hour 6 Mule 4 Second Pandora Company's Supplies balance is $60,000 on its trial balance. An inventory of Supplies at 12/31/2019 indicated that $20,000 of supplies are on hand. What would be the appropriate debit, credit, and amount in the necessary annual adjusting journal entry at December 31, 2019. Debit Select) Credit: Select Amount: Solect) Previous OC O Que D Question 12 2 pts Time Running - The annual depreciation on equipment for Jonah, Inc. is $25,000. What is the appropriate annual adjusting journal entry to be prepared on December 31, 2018 to record the current period depreciation? Atendite 1 Hour, 6 Minutes 30 Debt Credit Account 25,000 (Select] V 25.000 Select] Next Previous Sant Quiz Time Running Select all correct answers regarding closing the books. (Do not guess, as there is a penalty for incorrect choices.) 1 Hour 6 Minutes 5 Serv Revenues and Expenses are closed to Income Summary Closing the books involves zeroing out certain accounts to prepare the books for the next accounting period Permanent accounts are closed during the closing process Temporary accounts are closed during the closing process Retained Earnings is a temporary account and is therefore closed during the closing process Revenues, Expenses and Dividends are closed to lacome Summary Retained Earnings is a permanent account and is therefore not closed during the closing process next ol Time Rung Classify the following accounts as a Permanent or Temporary account using the drop- down boxes: 1 Hour 5 Minutes 49 Second Select] Service Revenue Prepaid Rent /Select Uneared Service Revenue Select Accumulated Depreciation Select) Depreciation Expense /Select 15 weer Question 16 Olestra Question 18 Make sure to expand your browser to full screen! Question 20 Ouest 21 7 pts Question 16 Time Running 1 Hour 5 15 Seconds Indicate all of the accounts below that would be closed during the closing process. (Do not guess, as there is a penalty for incorrect choices.) Uneamed Service Revenue Accounts Payable U Interest Receivable Common Stock Note Receivable ce questions 4057 Payable Library Resources Oasion Questions Viesto rah rds Ywa D Question 17 2 pts Tine mig ard 55 Mrutu od Baucum Company started the year with retained earnings of 530.000. During the year, revenues of $65.000 were earned and $25,000 of expenses were incurred The company paid out $5,500 of dividends during the year. At what amount would retained eamings be reported on the post closing trial balance? 64.500 114.500 0 30.000 34.500 65.000 75.500 125500 rary Resources voue Que D Question 19 4 pts Time Running A 55 Mes 12 Second Choose the best account classification for each of the following accounts using the drop-down boxes Select) Sales Returns and Allowances Cost of Goods Sold Select) Inventory Select Sales Discounts /Solect Library Resources 3 pts vasion Question 20 treaming Yua 55te Leon Select the correct answers using the drop-down boxes Consider the following terms: 3/10,n/30 The 3" represents the percentage discount The '10' represents the number of toys dhe bure The 30' represents the number or des dober Morelor