On January 1, Year 2, the Supplies account of Sheldon Company had a baiance of $2.300. Ouring the year, the company purchased $6.800 of supplies on account and made partial payments totaling $3,200 on those accounts. On December 31, Year 2 , Sheldon determined that there were $4,100 of supplies on hand. Which of the following would be reported on Sheidon's Year 2 financial statements? Muluple Choice $5.900 of supplies: $1,800 of supplies expense $4,100 of supplies: $5.000 of supplies expense $4,100 of supplies; $2,700 of supplies expense $5,900 of supplies. $6,800 of supples expense On October 1, Year 1. Jason Company paid $6,600 to lease office space for one year boginning immediately. What is the amount of rent expense that wit be reported on the Year 1 income statement and what is the cash outflow from rent that would be reported on the Year 1 statement of cash flows? Multiple Choice $1,100;$6,600 $1,650;$6,600 $6,600;$6,600 $1.650,$1,650 Prior to closing, Syracuse Company's accounting records showed the following balances: After closing, what is the balance of the Retained Earnings account? Multiple Choice $9,500. $11,200