ABC Company uses the approach that records prepaid expenses as expenses and records unearned revenues as revenues. ABC Companny prepares annual financial statements. Select the correct journal entry or adjusting journal entry for each scenario given. The May 2020 phone bill for $50 was unpaid and unrecorded at May 31, 2020. It will be paid on June 1, 2020. Choose... Interest of $90 had accrued on the bank loan as at May 31, 2020. It is to be paid on June 15, 2020. Choose... Choose... Of the $2,000 in advertising expenses paid on March 1, 2020, $500 of advertising publishing had not been completed at May 31, 2020. At ABC Company's year end, May 31, 2020, the company determined that $1,500 of the services that the customer had paid for on April 30, 2020 had not been earned. Choose... ABC Company uses the approach that records prepaid expenses as expenses and records unearned revenues as revenues. ABC Companny prepares annual financial statements. Select the correct journal entry or adjusting journal entry for each scenario given. The May 2020 phone bill for $50 was unpaid and unrecorded at May 31, 2020. It will be paid on June 1, 2020. Choose... Interest of $90 had accrued on the bank loan as at May 31, 2020. It is to be paid on June 15, 2020. Of the $2,000 in advertising expenses paid on March 1, 2020, $500 of advertising publishing had not been completed at May 31, 2020. At ABC Company's year end, May 31, 2020, the company determined that $1,500 of the services that the customer had paid for on April 30, 2020 had not been earned. Choose... Dr. Revenue $1,500 and Cr. Unearned Revenue $1,500 Dr. Interest Expense $90 and Cr. Interest Payable $90 Dr. Prepaid Advertising $500 and Cr. Advertising Expense $500 Dr. Prepaid Interest Expense $90 and Cr. Cash $90 Dr. Telephone Expense $50 and Cr. Accounts Payable $50 Dr. Interest Expense $90 and Cr. Notes Payable $90 Dr. Telephone Expense $50 and Cr. Cash $50 Dr. Unearned Revenue $1,500 and Cr. Revenue $1,500 Dr. AR $1,500 and Cr. Revenue $1,500 Dr. Advertising Expense $500 and Cr. Prepaid Advertising Expense $500