1. The company has a note and needs to adjust for the interest they owe. The note was issued on Oct 1 for $2,000 at 5% interest for 6 months. The journal entry to record this adjustment at October 31 is (choose two accounts and one amount):

A. Dr. Cash

B. Cr. Cash

C. Dr. Interest Payable

D. Cr. Interest Payable

E. Dr. Interest Expense

F. Cr. Interest Expense

G. Dr. Note Payable

H. Cr. Note Payable

I. 8.33

J. 50

K. 600

2.Assume a company purchased a truck for $20,000 on January 1, 2017. The truck has a useful life of 5 years and an expected salvage value of $4,000. The 2017 adjusting journal entry would include (choose two accounts and one amount).

A. Dr. Truck expense

B. Cr. Truck expense

C. Dr. Depreciation expense

D. Cr. Depreciation expense

E. Dr. Accumulated depreciation

F. Cr. Accumulated depreciation

G. $3,200

H. $4,000

I. $16,000

J. $20,000

3. On December 1st, the company prepaid rent for three monhts for $6,000, and that is the amount on the December 31st unadjusted trial balance. The year-end adjusting journal entry would include (choose two accounts and one amount)

A. Dr. Rent payable

B. Cr. Rent payable

C. Dr. Rent expense

D. Cr. Rent expense

E. Dr. Prepaid Rent

F. Cr. Prepaid Rent

G. $0

H. $2,000

I. $4,000

J. $6,000

K. Some other amount