A Company has performed $500 of CPA services for a client but has not billed the client as of the end of the accounting period. What adjusting entry must the company make? Debit Cash and credit Unearned Revenue $500 Debit Accounts Receivable and credit Service Revenue $500 Debit Unearned Revenue and credit Service Revenue $50 None of the above A Company issued a one-year, 9% $200,000 note on June 1, 2019. Interest expense for the year ended December 31, 2019 was: $18,000 $13,500 $12,000 $10,500 At December 31, 2019, before any year-end adjustments, Karr Company's Insurance Expense account had a balance of $1,450 and its Prepaid Insurance account had a balance of $3,800. It was determined that $3,000 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be: $3,000 $1,450 $4,450 $800 Baden Company received a check for $18.000 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent was credited for the full $18.000. Financial statements will be prepared on July 31 Baden should make the following adjusting entry on July 3t Debit Unearned Rent Revenue, $3,000, Credit Rent Revenue. 53,000 Debit Rent Revenue, $3,000 Credit Uneamed Rent Revenue, $3,000 Debit Unearned Rent Revenue. $18.000 Credit Rent Revenue. $18,000 Debit Cash, $18,000. Credit Rent Revenue, $18,000 If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be Debit Unearned Revenue and credit Cash Debit Unearned Revenue and credit Service Revenue Debit Unearned Revenue and credit Prepaid Expense Debit Unearned Revenue and credit Accounts Receivable If business pays rent in advance and debits a Prepaid Rent account, the company receiving the rent payment will credit: Cash Prepaid rent Unearned rent revenue Accrued rent revenue