When a company makes an end-of-period adjusting entry, which includes a debit to Supplies Expense, the usual credit entry is made to:

A) Accounts Payable.

B) Supplies.

C) Cash.

D) Retained Earnings.

Answer: B

When a company makes an end-of-period adjusting entry that includes a credit to Prepaid Rent, the debit is usually made to:

A) Cash.

B) Rent Expense.

C) Rent Payable.

D) Rent Receivable.

Answer: B

Which of the following is a possible adjusting entry?

A) Debit Cash, credit Accounts Payable.

B) Debit Service Revenue, credit Cash.

C) Debit Salaries Expense, credit Salaries Payable.

D) Debit Utilities Expense, credit Retained Earnings.

Answer: C