1 points QUESTION 55 Dolphin Conceived $1,500 in fees during 2017. 1/3 will became in 2016. There was earned when the amount was received. The company should wport which of the following amounts as income in 2017 $1.000 C$1.500 5500 50 QUESTION 56 1 points Before any month-end adjustments are made, the net income of Bennett Company is $76,000. The following adjustments are necessary: office supplies used, 53,160, services performed for clients but not yet recorded or collected, 53,640, interest accrued on note payable to bank, 53,040. After adjusting entries are made for the items listed above, Bennett Company's income will be 573,440 161 578560 $76.000 wer MacBook Air Question Completion Status: QUESTION 52 o paints 1 points The entry to record rent expense will include: C Acredit to Prepaid Rent for 16.000 CA debit to Prepaid fent for $6.000 C Adebit to Prepaid Rent for $18.000 C A credit to Prepaid Rent for $18.000 points QUESTION 53 Failure to make the appropriate adjustment to the Stary Expense account will Understate net income for January by 56.800 Overstate the balance in Cash of December 31 Overstate total liabilities at December Understate net income for December ty $6.800 1 points QUESTION 54 points Adjusting entries help achieve the goals of accrual accounting by applying which two accounting principles? Realization principle and Masching principle Business entity concept and reation principle Cost principle and the accounting equation Matching principle and safety principle points QUESTION 55 Dolphin Coreceived $1.500 in foes during 2017 13 will be earned in 2016. The rest was earned when the amount was received. The company should report which of the following amounts as income in 2017