14. Which of the following s Cash, debit, ReEape bRent Expense, debi Cas, Rent Expense, debi Aco R d. Accounts Payable, debit RExp d e py o vlo A patient has a physical examination and ak the bok wmake no entry until the eash is received b. Cash, debit; Accounts Receivable, redi Cash, debit; Fees Earmed, credit d. Accounts Receivable, debit; Fees Eamed, cred 15. a r The 16. March Cash 6 2300 Unearned Fees 2.300 What is the best explanation for this joumal entry? a. Received cash for services performed. b. Received cash for services to be performed in the future c. Paid cash in advance for services to be done. d. Paid cash for services to be performed. All accousts have nommal 17. The accounts in the ledger of Monroe Entertainment Co. are listed below. balances, 3,500 1,300 3,000 1400 6,300 Accounts Payable Accounts Receivable Prepaid Insurance Cash Capital Stock Dividends 1,500 1,800 2,000 3,200 2,500 1,200 Fees Earned Insurance Expense Land Wages Expense Retained Earnings The total of the debits is $13,900 b. a. $11,200 $12,700 $9,700 c. d. 18. The matching concept a. is not in conflict with the cash method of accounting b. determines when revenue and expenses are recognized and reported c. states that revenue is not recorded until the cash is received d. controls all revenue reporting for the cash basis of accounting basis of accounting records revenues when they are eamed and expenses when they are paid b. records revenues and expenses when they are incurred c. records revenues when cash is received and expenses when they are incurred d. records revenues and expenses when the company needs to apply for a loan. The cash basis of accounting records revenues and expenses when the cash is exchanged while the accual 19. a