6. During 2019, the first year of operation, Bruno Consulting earned $300,000 for services performed. Bruno Consulting has received payments of $285,000 from his clients. Bruno Consulting should report service revenue for 2019 of: A. $285,000 B. $295,000 C. $300,000 D. $310,000 7. Failure to record an adjusting entry for accrued revenue earned will result in the following: Assets Net Income A. no effect understated understated B. understated C. overstated understated D. understated no effect 8. An adjusting entry could contain all the following except: A. a debit to Accounts Receivable. B. a credit to Interest Payable. C. a credit to Unearned Revenue. D. a debit to Cash. Table 3-1 Lemon Car Rental Unadjusted Trial Balance December 31, 2019 $ 7,450 Cash Supplies 1,600 Equipment 19,000 Accumulated Amortization Accounts Payable Lemon, Capital Withdrawals 6,000 Rental Revenue Insurance Expense 7,000 Salary Expense 4,000 Repair Expense 3,150 $48,200 Adjusting entries to be recorded include: (1) Supplies used $ 1,600 (2) Amortization 2,000 $ 3,600 9. Refer to Table 3-1. The credit column of the adjusted trial balance should total: A. $51,800 B. $50,200 C. $49,800 D. $44,600 10. Refer to Table 3-1. After recording the adjusting journal entries, net income for 2019 is: A. $5,650 B. $7,650 C. $9,250 D. $12,850 $ 4,200 5,000 15,600 23,400 $48.200 2/3