4) Revenues are recognized in the period they are earned, regardless of the time period when the cash is received. Question 18 (2 points) On December 10, 2017 Benoit Inc. received a cheque for $54.500 from a customer for services that Benoit Inc. will be performing in December 2017 and January 2018. By December 31, 2017. Benoit had earned 40% of that amount. Assuming the appropriate year-end adjustments were made, the 2017 balance in Benoit's Unearned Revenue account will be 1) $27.250.00 2) Zero 3) $32.700.00 4) $21,800.00 Question 19 (1 point) Which one of the following accounts would appear in the financial statements if revenue was recognized before cash was received from the customer