with a balance in the supplies account of $6,600. During the year, Burger King additional supplies for $1,300. of supplies were on hand then If an inventory of supplies taken on December 31, 2016 indicates that Burger King adjusting entry on December 31, 2016 would include a 5,000 A) Credit to supplies for $5,000 B) Debit supplies for $6,300 C) Debit to supplies expense for $3,700 D) Debit to supplies expense for $ urger King calculated that as of December 31, 2016 it had earned $4,500 on a contract that has not yet been billed. Burger King's adjusting entry on December 31, 2016 would include a A) Debit to accounts receivable for $4,500 B) No entry is required on December 31, 2016 C) Credit to unearned revenue for $4,000 D) Debit to unearned revenue for $4,000 Burger King purchased Burger King adjusting entry would include a 3. equipment for $66,000. If depreciation for the year is estimated to be $11,000 then A) Debit to accumulated depreciation for $11,000 B) Credit to accumulated depreciation for $11,000 C) Credit to depreciation expense for $11,000 D) Credit to equipment for $11,000 Burger King's weekly (5-day) payroll of $3,500 is paid on Fridays. If December 31 falls on a Wednesday, what adjusting entry should Burger King make? 4. A) Debit salaries expense $1,400 and credit salaries payable $1,400 8) Debit salaries expense $2,100 and credit salaries payable $2,100 C) Debit unpaid salaries $2,100 and credit salaries payable $2,100 D) Debit salaries payable $2,100 and credit salaries expense $2,100 During 2016, Burger King received an advanced payment of $9,000. What adjusting entry would Burger King make if 30% of the advance fee was earned by the end of 2016? 5. A) Debit unearned revenue $6,300 and credit service revenue $6,300 B) Debit service revenue $2,700 and credit unearned revenue $2,700 C) Debit unearned revenue $2,700 and credit revenue $2,700 D) Debit cash $2,700 and credit unearned revenue $2,700 On December 31, 2016, Burger King received a utility bill for $500. They did not pay the bill until January 2 What adjusting journal entry would Burger King make related to the utility bill on December 31, 2016? 6. A) Debit utility expense $500, credit utility payable $500 B) No entry is required on December 31, 2016. C) Debit utility expense $500, credit cash $500. D) Debit utility payable $500, credit utility expense $500