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19. Our company completed the following transactions during the month of October: I. Purchased office supplies in October on account, $5,400. II. Provided services in
19. Our company completed the following transactions during the month of October: I. Purchased office supplies in October on account, $5,400. II. Provided services in October for cash, $21,000. III. Provided services in October on account, $36,000. IV. Collected cash from a customer for services completed in September on account, $29,000. V. Received $12,000 from a customer for work to be completed in November. What was the company's total revenue for the month? a) $57,000 b) $21,000 c) $36,000 d) $86,000 20. Jaye Company purchased a new building by signing a note payable for $25,000. The entry to record the transaction is: Note Payable A) 25,000 Buikding C) Cash 25,000 25,000 Cash 25,000 Building B) 25,000 Note payable Cash D) 25,000 25,000 Note Payable 25,000 21. Deere Company lends $14,400 to a customer on July 1, 2019, with 10% annual interest due to be paid every June 30th for 5 years. What adjusting entry is needed on December 31, 2019? Interest Recievable A) 1,440 Interest Revenue Interest Revenue C) 1,440 1,440 Interest Receivable Interest Revenue B) 1,440 720 Interest Receivable Interest Recievable D) 720 720 Interest Revenue 720 CLEA INS DEL APPS A-LOCK ALPHA TAN-1 CATALOG COs-1 TAN MODE CUSTOM COS SIN-1
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