10. When converting from cash-basis to accrual-basis accounting, which of the following adjustments should be made to cash receipts from customers to determine accrual-basis service revenue? A) Subtract ending accounts receivable. B) Subtract beginning unearned service revenue. C) Add ending accounts receivable. D) Add cash sales. 11. Panda Corporation paid cash of $120,000 on June 1, 2017 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2017 adjusting entry is A) debit Prepaid Rent and credit Rent Expense, $50,000. B) debit Prepaid Rent and credit Rent Expense, $70,000. C) debit Rent Expense and credit Prepaid Rent, $70,000. D) debit Prepaid Rent and credit Cash, $50,000