Innovative consulting co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, common stock, retained earnings, dividends, fees earned, rent expense, advertising expense, utilities expense, miscellaneous expense. journalize the following selected transactions for october 20y2 in a two-column journal. journal entry explanations may be omitted. if an amount box does not require an entry, leave it blank. oct. 1. paid rent for the month, $5,300. 3. paid advertising expense, $3,360. 5. paid cash for supplies, $1,440. 6. purchased office equipment on account, $22,100. 12. received cash from customers on account, $7,200. 20. paid creditor on account, $2,110. 27. paid cash for miscellaneous expenses, $910. 30. paid telephone bill for the month, $340. 31. fees earned and billed to customers for the month, $48,000. 31. paid electricity bill for the month, $580. 31. paid dividends, $3,600. 20y2 oct. 1 oct. 3 oct. 5 oct. 6 oct. 12 oct. 20 oct. 27 oct. 30 oct. 31 oct. 31 oct. 31

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.