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18. Revenues for which services are performed but not yet received in cash or recorded are called _revenues. a. deferred b. unearned c. accrued d.

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18. Revenues for which services are performed but not yet received in cash or recorded are called _revenues. a. deferred b. unearned c. accrued d. estimated 19. Crue Company had the following transactions during 2020: Sales of $4,500 on account Collected $2,500 for services to be performed in 2021 Paid $1.625 cash in salaries Purchased airline tickets for $250 in November for a trip that took place in December 2020 What is Crue's 2020 net income using accrual-basis accounting? a. $625. b. $2,625. c. $2,875. d. $5,125

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