what are the answers for numbers 26 and 27because I dont knwo it.

would be :` the accountant for the William Company forgot to make an adjusting entry to record revenue earned but not yet billed to customers . The effect of this error B . An overstatement of net income and an understatement of assets . An understatement of assets , net income , and owner's equity . An overstatement of liabilities offset by an understatement of owner's equity . E . An overstatement of assets and of net income offset by an understatement of owner's equity . None of the above . Dave Corporation , which maintains its accounts on the basis of a Fiscal year ending June 30 , began the management of an office building on June 1 for an agreed monthly fee of $400 . The first cash receipt was due on July 5 . The adjusting entry required at June 30 would be :` B . A $400 debit to Unearned Rental Commissions and a $400 credit to Rental Commissions Earned . A debit to Cash for $400 and a credit to Rental Commissions Earned . D` A debit to Cash for $400 and a credit to a liability for $400 .` A debit to Rental Commissions Receivable for $400 and a credit to Rental Commissions Earned None of the above . Use the following to answer the next five questions SAMANTHA , INC . Unadjusted Trial Balance December 31 , 2012 DR CR Cash $ 36. 600 Accounts Receivable* 3. 000 Supplies \\500 Equipment 18.500 Accumulated Depreciation - Equipment Accounts Payable 6.0.00 Retained Earnings 4. 000 Common Stock 37, 700 Fee Revenue 17. 000 Salaries Expense 2, 700 Insurance Expense 500 Rent Expense 4.800 Interest Expense 100 $ 66, 700 $ 66 , 700 26 . At December 31 , 2012 there were $30.0 of supplies on hand . The adjusting entry would include a :` A_ debit to Supplies Expense of $3.00 . B . credit to Supplies Expense of $200 debit to Supplies of $30.0 . credit to Supplies of $2010. None of the above 27. The Equipment was purchased on January 1 , 2011 . It has a useful life of eight years and an estimated salvage value of $2. 500 . The adjusting entry at December 31, 2012 would include a:` debit to Depreciation Expense - Equipment for $4, 000 . B . debit to Accumulated Depreciation - Equipment for $2, 000 C . credit to Depreciation Expense - Equipment for $2, 000 . D . credit to Equipment for $2, 000 . E . none of the above On August 1 , 2012, Samantha paid the landlord $4, 800 for one year's rent in advance . The adjusting entry at December 3 1 , 2012 would include a : 28 credit to Cash B . debit to Rent Payable C . lebit to Rent Expense debit to Prepaid Rent none of the above On October 1 , 2012 , Samantha received $7, 000 in advance for fees to be earned evenly over seven months beginning on that date . When Samantha 29, received the money on October 1 , 2012 , Fee Revenue was credited . The required adjusting journal entry at December 31 , 2012 would include a : credit to Cash credit to Fee Revenue* debit to Unearned Fee Revenue debit to Fee Revenue none of the above Refer to the previous question . The amount of the adjusting journal entry at December 31 , 2012 would be : 30, $ 3, 000 4, 000 1. 000 $ 7. 000 none of the above