166 West Corporation issued a $1,000gftf crtificite Whau A. Debit Cash, credit Sales Revenue B. Debit Cash, credit Unearned Revenue. C. Debit Unearmed Revenues, credit Cash. D. Debit Accounts Receivable, credit Cash 167. Your company received payment last month for a service t peovided this moth Ho business activity of the current month affect the basic accounting equation? A. Assets will not change: liabilities (Uneamned Revene will dearensc and sockoldens oqiS Revenue) will increase. B. Assets (Cash) will increase, iablities (Unearmeod Revene) ill not change. C. Assets (Cash) will increase,liabilities will not change, and sockboldes oqlity Service Rw ncreasc. increas, nockole oqit D. Assets (Prepaid Expenses) will decrease, liablities will ot change, and stockholdens oqity Sevi Revenue) will increase. 168. Customers paid $8,000 on their accounts. Which accounts are affected by this actie A. Revenue and Retained Earnings increase $8,000. B. Cash and Revenue increase $8,000. Liabilities and xperse increase 58,000 C. Cash increases $8,000 and Accounts Receivable decreases $8,000 Revn nd Retaiod a unchanged D. Cash and Retained Eamings increase $8,000 169. Sparkling Pools received a bill for S1200 for ngr e July; the bill will be paid on August I. Advertising espense should be A. credited for $1,200 in July B. credited for $1,200 in August C. debited for $1,200 in July D. debited for $1,200 in August. Grass is Greener Lawn Service pays cash foe $4,00 of grs now. What journal entry will Grass is Gireener record this A. Debit cash for $4,000 and credit supplies expense for $4000 B. Debit supplies expense for $4,000 and credit accts payable for $4,000 C. Debit supplies for $4,000 and crodit cash for $4,000 D. Debit retained earnings for $4,000 and credit ccouns poable for $400 170. This month 1 00 in ents fos ctme S 171. On the 1Sh of the month, a company receives ss, services performed on that day and the month. The $8,000 cash receipt would be recorded as a A. debit of $7,000 to Accounts Receivable, derit of $1,000 to Service Reve,anda Cash. rable anda covdt B. debit of $8,000 to Cash, a credit of $7,000 o Accoants Rae Revenue C. debit of $7,000 to Accounts D. debit of$8,000 to Cash, debit of S1,000 to Service Reve,and s o 50 A Receivable to Cash