2-6

Determine net income for the year under (a) the cash basis of accounting and (b) the accrual basis of accounting 2. Adjusting Journal Entries LO2,3 Consider the following incomplete adjusting journal entries: 1. Utilities Expense 2. (b) 3. (c) 4. Unearned Revenue 2,900 19,500 7,000 4,650 2,900 19,500 7,000 4,650 Service Revenue Prepaid Insurance