Which journal entry reflects the adjusting entry needed on December 31?:Last year, BOC purchased software for $10,000. The expected life of the software is 2 years and it has no expected salvage value. Now, it is December 31, the end of the fiscal year. No other entries were recorded for this software during the year.1 pointDr.  Software Amortization Expense     5,000     Cr.  Software                                                    5,000Dr.  Software Amortization Expense     5,000     Cr.  Software Revenue                            5,000No entry needed. Dr.  Software Amortization Expense     5,000     Cr.  Cash                                                    5,000Dr. Software Amortization Expense 5,000 Cr. PP&E 5,000

Which journal entry reflects the adjusting entry needed on December 31?:In November, BOC received a $5,000 cash deposit from a customer for custom-build goods that will be delivered in January (BOC recorded an entry for this $5,000 in November). Now, it is December 31, the end of the fiscal year.1 pointDr.   Advances from Customers   5,000   Cr.  Revenue                                        5,000No entry needed.Dr.   Cash       5,000   Cr.  Revenue               5,000Dr.   Unearned Revenue       5,000   Cr.  Inventory                                    5,000Dr.   Unearned Revenue       5,000   Cr.  Revenue                                    5,000

Which journal entry reflects the adjusting entry needed on December 31?:In November, BOC prepaid $30,000 of rent for December, January, and February (and it was recorded properly). Now, it is December 31, the end of the fiscal year. 1 pointDr.  Rent Expense        30,000   Cr.  Prepaid Rent                   30,000Dr.  Rent Expense        10,000   Cr.  Prepaid Rent                   10,000Dr.  Rent Expense        30,000   Cr.  Cash                         30,000Dr.  Rent Expense        10,000   Cr.  Cash                         10,000No entry needed.

On 31 March 2022, the financial year end of SA Attorneys, the depreciation on computer equipment amounted to R15 000. The depreciation will be entered in the .... as book of first entry.Select one:a.General journalb.Trust cash payments journalc.Business cash payments journald.Transfer journal

Which journal entry(s) reflects the following transaction?:BOC received $10,000 of cash from a customer who took delivery of goods that originally cost BOC $8,000 to acquire.1 pointDr.   Cash          10,000    Cr.  Inventory         10,000Dr. Cash                       10,000    Cr.  Revenue                    10,000Dr.  Cost of Goods Sold   8,000   Cr.  Inventory                     8,000 Dr.   Cash   10,000    Cr.  Inventory      8,000    Cr.  Revenue       2,000Dr. Cash                       10,000    Cr.  Revenue                    10,000Dr.  Accounts Payable   8,000   Cr.  Inventory                     8,000 Dr.   Cash          10,000    Cr.  Revenue         10,000

Ref-3: On 1St March, 2023, the company borrowed $120,000 cash from the local bank on a one-year, 6% bank loan, and the transaction was recorded properly. The interest expense incurred is payable to the bank at the end of 12 months. What is the required adjusting journal entry for the 2023 30th June financial year end in relation to the interest expense incurred?