5-7 End of chapter exercises - Principles of Financial Accounting 1 10/1/2020 If amounts of cash are received from a customer and under the revenue recognition model, they are determined to have not been earned yet, the company receiving the cash would properly: A. Increase assets B. Increase liabilities C. Increase revenue D. Increase expenses Acount Problems 1. Indicate in which section (Asset, Liability, Equity, Revenue, Expenses, Gains/Losses) the following accounts would most likely be found in: o Interest payable . Interest receivable o Interest earned blow . Interest expense . Inventory o Cost of Goods Sold o Sales o Deferred revenue