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Use the following information to answer questions 12 thru 14: Cash $200 Accounts Receivable $500 Prepaid Insurance $50 Supplies $150 Equipment $400 Accumulated depreciation $200

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Use the following information to answer questions 12 thru 14: Cash $200 Accounts Receivable $500 Prepaid Insurance $50 Supplies $150 Equipment $400 Accumulated depreciation $200 Accounts Payable $300 Common Stock $600 Service Revenue $500 Wages Expense $100 Rent Expense $200 If the inventory of supplies is $20, the adjusting entry would contain a Debit to Supplies for $20. Credit to Supplies for $20. Debit to Supplies Expense for $130. Credit to Supplies Expense for $130. QUESTION 13 If the insurance still unexpired was $20, the adjusting entry would contain O A debit to Prepaid Insurance for $30. A credit to Prepaid Insurance for $30. O A debit to Insurance Expense for $20. A credit to Insurance Expense for $20. QUESTION 14 If estimated depreciation for the equipment is $200, the adjusting entry would contain a Credit to Accumulated Depreciation for $200. O Credit to Depreciation Expense for $200. Debit to accumulated Depreciation for $200. Credit to Equipment for $200

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