Entity fails to make an adjusting entry to record supplies expense

1.If an entity fails to make an adjusting entry to record supplies expense, then: a.equity will be understated. b.assets will be understated. c.profit will be understated. d.liabilities will be understated. e.expenses will be understated.

2.A total of $900 worth of stationery was charged to the office supplies expense during the year. On 30 June, about $490 worth of stationery is still considered useful for next year. The adjusting entry at 30 June is: a.Dr Office Supplies $900 Cr Cash $900 b.Dr Office Supplies $490 Cr Office Supplies Expense $490 c.Dr Office Supplies Expense $490 Cr Office Supplies $490 d.Dr Office Supplies $410 Cr Office Supplies Expense $410 e.Dr Office Supplies Expense $410 Cr Office Supplies $410 3.Under the perpetual inventory system what is the correct entry for the credit purchase of 5 washing machines at $300 per washing machine plus GST? (GST = 10%) a.Dr Inventory $1,650; Cr accounts payable $1,500; Cr GST $150. b.Dr Inventory $1,650; Cr Accounts Payable $1,650. c.Dr Accounts Payable $1,650; Cr Inventory $1,500, Cr GST $150. d.Dr Inventory $1,500, Dr GST $150; Cr Accounts Payable $1,650 e.Dr inventory $1,500; Cr Accounts payable $1,500.