21) . Which the service 21) On August 31, 2016, Peter Services eived $3,500 in advance of performing jourmal entry is needed so recoed the neceipt of cash A) Debir Uneamed Revenue $3,.500, and credit Service Revence $3,soa B) Debit Cash $3,500, and credin Uneamed Revee $1,500 C) Debit Uneamed Revene $1,500, and credit Cash $1,500 D) Debit Cash $3,500, and credit Service Revense $3,500 22) oustomer for three months of service- April May and June. What would be the joumal entry to adjust the accounts at the end of May? 22) On April 1,2017, Planet Services received $8,000 in advance of performing the services from a A) Debit Service Revesue $2667, and credit Uneaened Revenue $2,667 teet Unearned Revenue Sam and aedit Service Revenue sam C Debin Uneamed Revenue $5,333, and credit Service Revenue 55,33s D) Debit Service Revenue $5,333, and credit Accounts Receivable $5,333 23) 23) The joumal entry for accnued innerest on a noe payable inclades A) a debit bo Inserest Payable and credit to Cash aredit to Imred Epense and debit to Notes Payable , dete to Interest Expen" and credit to berest Payable Di a debit to Ieterest Expense and cnedit so Cash 24) Athe-aturity of anote Payable, a borrower will pay 24) A) the prindipal phas interest C) the prindipal ninas inst BI the interest amount only Dy the principal amount cely 25) Roswwood, Inc eontly signed a $350,000, sis-montd note on August 22, 2017. The inerest rate is 25) 7%Haw much interest will be due at manny, A) 524500 B) 58167 C$12.250 D) $10,208 Maywood Inc spi$1L 00, 8S%, six-month note dated November 1,2017. The interest expense ecorded for this note in 2017 will be 26) 26) A) 5935 C) 5468 D) $156 The arrese poetion of Ing-term notes payable is 27) A) reclassified as curment for reporting purposes on the balance sheet B) rypically included with the loerg-serm liabilities on the balance sheet Q) recorded as an adjusting entry D) the amount of principal that will be paid within five years 2Racco earma $14 50 per hour for straight time (40 hours) and the company pays him time-and-a-hal for overtime. He worked 46 hours at hisjob duaring the first week of March 2017 What was Rocco's gross pay for the week? 28) A) $1,00050 B) 5667 00 C) $71050 D) $671 50 29) Which of the following tases has a ceiling on the amount of anevual eamings subject to tax? A) FICA-Medicare taxes C) sales tax 29) B) federal income tax D) FICA-OASDI taxes