1) Which of the following is shown on the balance sheet as well as the statement of cash flows?

Select one:

A.Net income

B.Total assets (ending balance)

C.Cash (ending balance)

D.Stockholders' equity (ending balance)

2)A business performs services for $26,000 and collects cash from the customer. Which of the following accounts will be debited?

Select one:

A.Accounts Receivable

B.Cash

C.Service Revenue

D.Accounts Payable