1. In January, the Huntington Beach Resort (HBR) accepts your reservation and receives your $2,000 payment for a week of sun and fun in California during spring break. In January, HBR will record a journal entry that includes a debit to:

Cash and a credit to Unearned Revenue.

Service Revenue and a credit to Cash.

Accounts Payable and a credit to Service Revenue.

Cash and a credit to Service Revenue.

2. Extraordinary repairs:

are revenue expenditures.

extend an asset's life beyond the original estimate.

are credited to Accumulated Depreciation.

are expensed as incurred.

3. On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses a periodic inventory system. Alberta pays the invoice on October 8 and takes the appropriate discount. What journal entry will be recorded by Robertson on October 8?

Debit Cash and credit Accounts Receivable for $5,800

Debit Cash for $5,684, debit Sales Discounts for $116, and credit Accounts Receivable for $5,800

Debit Cash for $3,920, debit Sales Discounts for $80, and credit Accounts Receivable for $4,000

Debit Cash and credit Accounts Receivable for $4,000