21) Delta is hired on December 15, 2018 to perform services, beginning on December 16, 2018. Under this agreement, Delta will earn $3900 monthly and receive payment on January 15, 2019. What amount of service revenue should be recorded for the year ending December 31, 2018?

21) ______

A) $1950

B) 0

C) $3900

D) There is not enough information to answer this.

22) ABC Company performed services of $8,000 on January 24 and invoiced the customer. ABC received the $8,000 on January 31. Provide the journal entry on January 24 when services were performed. (Ignore explanation.)

23) ABC Company performed services of $8,000 on January 24 and invoiced the customer. ABC received the $8,000 on January 31. Provide the journal entry on January 31 when the cash was received. (Ignore explanation.)

24) ABC Company prepaid three months of office rent totaling $8700 on October 1, 2019. Assuming Williams records deferred expenses using the alternative treatment, what would be the entry on October 1, 2019?

24) ______

A) No entry is needed until the expense is incurred

B) Debit Prepaid Rent and credit Cash for $8700

C) Debit Rent Expense and credit Cash for $8700

D) Debit Cash and credit Unearned Rent for $8700