1,,,,,,,,Jefferson Services Company records the payment of $500 cash for previously accrued expenses and then makes an accrual of $825 for a revenue.What is the impact of these two entries?

Select one:

a.Net Income increased $825 and Working Capital increased $825

b.Net Income increased $825 and Working Capital increased $325

c.Net Income increased $325 and Working Capital decreased $500

d.Net Income decreased $500 and Working Capital increased $325.

e.Net Income decreased $500 and Working Capital decreased $500.

2......The accounts to becreditedin the closing entries at year-end include:

Select one:

a.Depreciation Expense, Purchases, Freight-In

b.Freight-Out, Purchase Returns, Purchases

c.Purchase Returns, Purchases, Interest Revenue

d.Prepaid Expense, Depreciation Expense, Freight-Out

e.Depreciation Expense, Purchase Discounts, Sales Returns