8 pt During the year, X Company sold merchandise on account to customers for $405,000. The company collected $386,000 in cash from customers during the year. Which of these amounts appears on the Income Statement and which appears on the Statement of Cash Flows? 10.AO $19,000 appears on the Income Statement and $386,000 appears on the Statement of Cash Flows BO $405,000 appears on both statements CO $386,000 appears on the Income Statement and $405,000 appears on the Statement of Cash Flows DO $405,000 appears on the Income Statement and $386,000 appears on the Statement of Cash Flows EQ $19,000 appears on both statements FO $386,000 appears on both statements 8 pt On January 1, a customer paid X Company $26,400 in advance for cleaning services, so X Company recorded the receipt as Deferred Revenue. The cleaning was going to be done once in January, once in February, once in March, and once in April. What will be the result of X Company's adjusting entry on January 31? 11.AO a $6,600 decrease in the Retained Earnings account on the Balance Sheet BO a balance of $6,600 in the Deferred Revenue account on the Balance Sheet CO a $6,600 increase in the Cash account on the Balance Sheet DO a $6,600 increase in the Deferred Revenue account on the Balance Sheet EO a $6,600 decrease in the Cash account on the Balance Sheet FO revenue of $6,600 reported on the Income Statement