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On July 1, 2015, Charlie Co. paid exist18,000 to Retail-An-Office for rent converting 1exist months from July 2015 through December 2016. What adjusting entry should Charlie Co. record on December 31, 2015? A. Option a. B. Optional b. C. Optional c. D. Option d Making insurance payments in advance is an example of: A. An accrued revenue B. An accrued expense. C. An unearned revenue. D. A prepaid expense. The adjusting entry required when amounts previously recorded as unearned revenues are earned includes: A. A debit to a liability. B. A debit to an asset. C. A credit a liability. D. A credit to an asset. At the beginning of December, Global Corporation had exist2,000 in supplies hand. During the month, supplies purchased amounted to exist3,000, but by the end of the month the supplies balance was only exist800. What is the appropriate month-end adjusting entry? A. Debit Cash exist4, 200, credit Supplies exist4, 200. B. Debit Supplies exist4, 200, credit Supplies Expense exist4, 200. C. Debit supplies Expense exist4, 200, credit supplies exist4, 200. D. Debit Cash exist800, credit Supplies exist800. Which of the following is mean example of Preventive controls? A. Separation of duties. B. Physical controls. C. Proper authorization. D. Reconciliations. Which of the following is considered cash for financial reporting purposes? A. Accounts receivable. B. Investments with maturity dates greater than three months. C. Checks received from customers. D. Accounts payable