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Abe's Appliance Repair Shop uses cash accounting and issues monthly financial statements. On April 15, 2020, the company repairs a refrigerator for a customer. The

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Abe's Appliance Repair Shop uses cash accounting and issues monthly financial statements. On April 15, 2020, the company repairs a refrigerator for a customer. The shop bills the customer on May 1, 2020, and receives payment on May 15, 2020. The repair shop will record rexenue on May 15, 2020. O record revenue on April 30 in an adjusting entry. O record revenue on April 15. O record revenue on May 1, 2020. Question 30 2 pts Tod's Tree Trimming Service uses accrual accounting and issues monthly financial statements. On April 1, 2020, the service borrows $5,000 by signing a three-month note with a local bank. The total interest due on the note is $150. On April 30, 2020, Tod's Tree Trimming Service's required adjusting entry is classified as a prepaid expense entry an accrued expense entry an uneared revenue entry. an accrued revenue entry

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