17. Khaled Repair Shop follows the revenue recognition principle. Khaled services a car on October 31. The customer picks up the vehicle on November 1 and mails the payment to Khaled on November 5. Khaled receives the check in the mail on November 6. When should he show that the revenue was earned? A. October 31 B. November 1 C. November 5 D. November 6 18. Saif Company paid employce wages on and through Thursday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays AED900 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January? A. Debit Wages Expense for AED900 and Credit Wages Payable for AED 900 B. Debit Wages Expense for AED4,500 and Credit Wages Payable for AED4,500 C. Debit Wages Expense for AED2,700 and Credit Wages Payable for AED 2,700 D. No adjusting entry is required. 19. Sultan Music Store borrowed AED 12,000 from the bank signing a 9%, 3-month note on September 1. Principal and interest are payable to the bank on December 1. If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on September 30, would be A. Debit Interest Expense, AED1,080; Credit Interest Payable, AED1,080. B. Debil interest Expense, AED90; Credit Interest Payable, AED90. C. Debit Note Payable, AEDI,080: Credit Cash, AED1,080. D. Debit Cash, AED270 Credit Interest Payable, AED270