34. During September, By the Book Co. collected $1,800 cash from a customer for services to be provided during November. Which of the following statements about this transaction is correct? A. $1,800 of revenue should be recorded in September. B. $900 of revenue should be recorded in September and $900 in November. c. $1,800 of revenue should be recorded in November. D.No revenue should be recorded for these events because they relate only to the balance sheet. 35. On December 31, 2018, interest of $700 is owed on a bank loan that will not be paid until June 30, 2019. What is the necessary adjusting journal entry on December 31, 2018? A. Debit Interest Expense and credit Cash for $700. B. Debit Interest Expense and credit Interest Payable for $700. c. Debit Interest Payable and credit Interest Expense for $700. D. Debit Interest Receivable and credit Interest Revenue for $700. 30 Points 36. Using the information below prepare a classified balance sheet, income statement and statement of retained earnings for Bravo Company as of December 31, 2018: Cash $26,000 debit Accounts Receivable $32,000 debit Accounts Payable $18,000 credit Capital Stock $16,600 credit Equipment $14,000 debit Accumulated Depreciation $12,000 credit Retained Earnings 1/1/2018 $6,000 credit Hint this is the beginning balance Unearned Revenue** $ 300 credit Prepaid Insurance (6 months) S 300 debit Sales $28,000 credit Supplies Expense $ 1,200 debit Rent Expense $ 3,600 debit Dividends $ 2,000 debit Depreciation Expense S 1,800 debit **Prepayment for work to be done in January 2019