3) Customer X pays company A in advance of a future order. Company A's entry to record this event is:

Group of answer choices

A- Debit Cash

Credit Unearned Revenue

B- Debit Unearned Revenue

Credit Cash

C- Debit Cash

Credit Accounts Receivable

D- Debit Cash

Credit Revenue

4) Company A owes its employees $1,000 for work performed during February. The amount will not be paid until March. What entry should Company A make at the end of February to record the amount owed?

Group of answer choices

A- There is no entry to record this event.

B- Debit Wages Expense $1,000

Credit Cash $1,000

C- Debit Wages Expense $1,000

Credit Wages Payable $1,000

D- Debit Wages Payable $1,000

Credit Wages Expense $1,000

7) After the closing entry is prepared, which of the following accounts will have a balance?

A- Retained Earnings

B- Net Income

C- Sales Revenue

D- Depreciation Expense