3.65 pts ABC Corporation has a customer who owes ABC $10,000 as an account receivable. When the customer pays the $10.000, the effect on ABC backs would Increases net income decreases assets. increases assets have no effect on total assets 3.85 pts Question 22 D Question 22 All of the following accounts have normal credit balances except: Service Revenue. O Prepaid Insurance Common Stock Accounts Payable. Question 23 Walton Corporation collected $7.200 on October 1, 2021 for four months of service which take place every from October 1, 2021 through January 31, 2022. The revenue reported from this transaction during 2021 would be $2,800 $7.200 $5.400 $0 Auction 24 Vo Question 24 3.85 pts Which of the following accounts are normally reported as current liabilities on a classified balance sheet? Accounts Payable and Common Stock Accounts Payablet and Bonds Payable Interest Payable and Mortgape Payable. Unearned Service Revenue and Salaries Payable. 3 D Question 25 Lenovo Question 25 In the ledger accounts, debit entries cause: decreases in assets, decreases in liabilities, and increases in stockholders' equity decreases in assets, increases is liabilities, and decreases in stockholders' equity increases in assets, decreases in liabilites, and decreases in stockholders' equity. increases in assets, decreases in liabilities, and increases in stockholders' equity Lenovo