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14. Which of the following best describes the term retained earning S BOO S s _ BOO d, Equity 17. COStS Of th rough the

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14. Which of the following best describes the term retained earning

S BOO S s _ BOO d, Equity 17. COStS Of th rough the Net b. Expenses 18. Davis Corp. has three emphyees Each earns for a day work ending on Friday, This month the last day ot the month tans on a Wednesday The company should make which ot the following a. Decrease Wage Expense fo' $360 and Increase Wages payable S360. b. Increase Wage Expense for S I , 080 Increase W "es Payabk for S' .080. c. Decrease Wage Expense for S 1080 and Decrease Wages Payable $1.080, d. Increase Expense for $360 and Increase Wages Payable for $360. f 9. Carrington & co. rented offce space to a tenant on January 31 and received $9000 for the first three months of rent. The amount was recorded as Rent C Advance when received. Adjustments are recorded only at the end of every effect does the adjustment at March 31 have on Carrington's net income for ending March 31 ? a. Increase by $9,000 b. Decrease by $6,000 c. Decrease by S3.000 d. Increase by $6,000

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