1. is the amount that has been earned but has not been recorded. a. Advance Revenue b. Accrued Revenue c. Cash Revenue d. None of these are correct. ons below. 2. The journal entry for an accrued revenue (fees earned) includes a debit to a. Accounts Receivable, Fees Earned b. Fees Earned, Accounts Receivable c. Accounts Payable, Fees Earned d. Fees Earned, Accounts Payable and a credit to < 3. In a balance sheet, accrued expense is recorded under the heading a. Assets b. Liabilities c. Owner's Equity d. None of these are correct. 4. BizWorld Company pays weekly salaries of $12,500 on Friday for a five-day week ending on that day. The necessary adjusting journal entry at the end of the accounting period assuming that the period ends on Thursday will include a debit to a. Salaries Payable for $12,500, Salaries Expense for $12,500 b. Salaries Payable for $10,000, Salaries Expense for $10,000 c. Salaries Expense for $12,500, Salaries Payable for $12,500 d. Salaries Expense for $10,000, Salaries Payable for $10,000 and a credit to