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year, 8%, $100,000 loan on March 3, 2018. interest is due upon matumy of the paid back on March 31. 2019. As of December 31,

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year, 8%, $100,000 loan on March 3, 2018. interest is due upon matumy of the paid back on March 31. 2019. As of December 31, 2018, what amount, if any, should Alien Inc report for interest payable? A $6,000 8 $2,000 .so D. $8,000 21. On July 1, 2018, charlie Co paid $18,000 to Rent-An-Office for rent covering 18 months from July 2018 through December 2019 What adjusting entry should Charlie Co. record on December 31, 2018 Cash . Rent Expense 18,000 Prepaid Rent Prepaid Rent 18,000 6,000 Rent Expense D. Rent Expense Prepaid Rent 6,000 22. At the beginning of December, Global Corporation had $2,000 in supplies on hand. During the month, supplies purchased amount appropriate month-end adjusting entry? ed to $3,000, but by the end of the month the supplies balance was only $800. What is the A. Debit Cash $4,200, credit Supplies $4,200 8. Debit Supplies $4,200, credit Supplies Expense $4,200 C. Debit Supplies Expense $4,200, credit Supplies $4,200. D. Debit Cash $800, credit Supplies $800

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