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1) Issued an invoice of $1850 to a customer for the interior designing services provided. The journal entry to record the transaction is: Select one:

1) Issued an invoice of $1850 to a customer for the interior designing services provided. The journal entry to record the transaction is:

Select one:

a.debit, cash $1850 and credit, service revenue received in advance $1850.

b.debit, accounts receivable $1850 and credit, service revenue $1850.

c.debit, cash $1850 and credit, service revenue $1850.

d.debit, accounts receivable $1850 and credit, cash $1850.

2) The total of the debit side of the accounts payable account is $80000, and the total of the credit side of the accounts payable account is $132,000. What is the accounts payable balance at the end of the period?

Select one:

a.$52000 debit balance

b.$132000 credit balance.

c.$80000 debit balance.

d.$52000 credit balance

3) Paid cash $2000 for a 1-year insurance policy. The journal entry to record the transaction is:

Select one:

a.debit, cash $2000 and credit, prepaid insurance $2000.

b.debit, prepaid insurance $2000 and credit, cash $2000.

c.debit, insurance expense $2000 and credit, cash $2000.

d.debit, insurance expense $2000 and credit, prepaid insurance $2000.

4) The accounts receivable account of the Techno Pty Ltd. had a balance of $120000 at the beginning of May. During May, Techno Pty Ltd. received $20000 cash from the customers invoiced in April. What is the accounts receivable balance at the end of May?

Select one:

a.$120000 debit balance

b.$140000 debit balance.

c.$20000 credit balance.

d.$100000 debit balance

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