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XYZ Company initially records prepaid and unearned items in income statement accounts. Given XYZ Company's practices, what is the appropriate adjusting entry to record unused

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XYZ Company initially records prepaid and unearned items in income statement accounts. Given XYZ Company's practices, what is the appropriate adjusting entry to record unused office supplies of $500 that were counted at year end? There was no begining balance in office supplies. Select one: O a. Dr. Office Supplies $500 and Cr. AP $500 O b. Dr. Salaries Expense $500 and Cr. Cash $500 O c.Dr. Office Supplies $500 and Cr. Office Supplies Expense $500 O d. Dr. Office Supplies Expense $500 and Cr. Office Supplies $500 XYZ Company prepares annual financial statements. Their year end is June 30, 2019. At June 30, 2019 the balance in the Cleaning Supplies account was $1,800. A count of the cleaning supplies on June 30, 2019 revealed that $800 had been used. What is the adjustment amount to be posted to adjust the cleaning supplies account at year end and to recognize the cleaning expense? Select one: O a. $800 O b. $1,800 c. $0 d. e. $1,000 What is the journal entry to record the $200 payment to a supplier for Office Supplies purchased last month? Select one: O a. Dr. Accounts Payable $200 and Cr. Cash $200 O b. Dr. Office Supplies $200 and Cr. Cash $200 O c. Dr. Office Supplies $200 and Cr. Accounts Payable $200 O d. Dr. Accounts Payable $200 and Cr. Office Supplies $200 Next page

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