6-10 Thank you

6. Which of the following is accurate regarding retained earnings for a company? a. current period revenues - current period expenses - end of period retained earnings b. prior period retained earnings + current period net income - current period dividends = end of period retained earnings c. current period net income + current period additions to contributed capital - end of period retained earnings 7. Jacey Lawn Services completed a landscaping job for a client for $800 and sends the client a bill for the services. What journal entry should Jacey Lawn Services make? a. Debit Revenue and credit Cash for $800 b. Debit Revenue and credit Accounts Receivable for $800 c. Debit Accounts Receivable and credit Revenue for $800 d. no entry should be made until the client pays for the services 8. Jones company paid $6,000 for a twelve months of insurance. What journal entry should be made? a. Debit Insurance Expense and credit Cash for $6,000 b. Debit Prepaid Insurance and credit Cash for $6,000 c. Debit Cash and credit Prepaid Insurance for $6,000 d. Debit Cash and credit Unearned Revenue for $6,000 9. Our company receives $1,500 for tax accounting services to be performed in the future. The related journal entry would be: a. a debit to Cash and a credit to Unearned Revenue for $1,500 b. a debit to Cash and a credit to Revenue for $1,500 c. a debit to Accounts Receivable and a credit to Revenue for $1,500 d. a debit to Accounts Receivable and a credit to Cash for $1,500 10. Jackson Company purchased $3,000 of supplies on credit. What journal entry should be made? a. no entry should be made until the supplies are paid for b. Debit Supplies and credit Cash for $3,000 c. Debit Supplies and credit Accounts Payable for $3,000 d. Debit Accounts Payable and credit Supplies for $3,000