1) When wages are incurred in one period and paid in the next period, this leads to which of the following accounts appearing in the statement of financial position?

Select one:

a.Accounts receivable.

b.Wages expense.

c.Service revenue.

d.Wages payable.

2) Received $10000 cash from a customer invoiced 2 months ago. The journal entry to record the transaction is:

Select one:

a. debit, cash $10000 and credit, accounts receivable $10000.

b. debit, cash $10000 and credit, revenue $10000.

c. debit, accounts receivable $10000 and credit, revenue $10000.

d. debit, revenue $10000 and credit, cash $10000.

3) A complete journal entry does not show:

Select one:

a.the new balance in the accounts affected by the transaction.

b.the date of the transaction.

c.a brief explanation of the transaction.

d.the accounts and amounts to be debited and credited.