1.When revenue is accrued, which of the following can happen? Select one: a. Cash increases. b. An expense decreases. c. An expense is increased. d. A receivable increases.

2. If you have merchandise sales of $3500 , service sales of $1500, cost of goods sold of $3000, and operating expenses of $800, what is gross profit? a.4200, b. 1200, c.2000, d. 5000