21. On 1/1/2016, Matisse Co. sold $20,000 worth of stck to journal A Debit to Cash B. Debit to Contributed Capital C Credit to Retained EarningS D. Debit to Accounts Payable entry would Include a rwm /2016, the Matisse Co. purchased $1,000 of office supplies on account. The journat entry would include a A Credit to Cash B. Debit to Office Supplies. C. Debit to Accounts Payable D. A and B. 23. Under the cash basis of accounting, an expense occurring in 2016 that will be paid in 2017 would A. Be reported on the 2016 Balance Sheet. B. Be reported on the 2017 Balance Sheet. C. Be reported on the 2016 Income Statement. D. Be reported on the 2017 Income Statement. March 1t the Matisse Co., an accounting business, prepared a tax return for Sue Wideman and sent her an invoice for $1,000. Assume the cash basis of accounting, the journal entry prepared by the Matisse Co. on March 1t would include a A. Debit to Service Revenue and a credit to Accounts Receivable. B. Debit to Accounts Receivable and a credit to Service Revenue. C. Debit to Accounts Receivable and a credit to Unearned Revenue. D. Debit to Accounts Payable and a credit to Service Revenue. E. None of the above. basis of accounting, the journal entry the Matisse Co. will prepare in April would include a A. Debit to Accounts Payable and a credit to Utility Expense. B. Debit to Utility Expense and a credit to Accounts Payable. C. Debit to Accounts Payable and a credit to Utility Expense. D. Debit to Utility Expense and a credit to Accounts Receivable. 25. The Matisse Co. received the utility bill in April that will be paid in May. Assume the accrual