1.) Ultramega Company collected $11,760 in May of 2012 for 4 months of service which would take place from October of 2012 through January of 2013. The revenue reported from this transaction during 2012 would be (A) $8,820. (B) $0. (C) $2,840. (D) $11,760. 2.) On July 1, Runner's Sports Store paid $10,000 to Corona Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by Runner