6) Ajournal entry to record a receipt of rent in advance will include a 5.88 Points debit to Rent Revenue credit to Rent Revenue credit to Unearned Revenue credit to Cash 7) An adjusting entry should never include 5.88 Points a debit to an expense account and a credit to a liability account a debit to a revenue account and a credit to alability account a debit to a liability account and a credit to revenue account. a debit to an expense account and a credit to a revenue account 8) Which of the following is an example of an accrued expense? 5.88 Points Rent recognized during the period, to be received at the end of the year Depreciation expense Property taxes incurred during the year to be paid in the first quarter of the subsequent year Office supplies purchased at the beginning of the year and debited to an expense account 9) Which of the following statements is true about the accrual basis of accounting? 5.88 Points The timing of cash receipts and disbursements is emphasized. This method is used less frequently by businesses than the cash method of accounting A minimal amount of record keeping is required in accrual basis accounting compared to cash basis Revenues are recognized in the period the performance obligation is