Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entries below. identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account. Assume the company records prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. a. Entry to record revenue earned that was previously received as cash in advance. b. Entry to record wage expenses incurred but not yet paid (nor recorded). c. Entry to record revenue earned but not yet billed (nor recorded). d. Entry to record expiration of prepaid insurance. e. Entry to record consulting services performed but not yet billed (nor recorded). 00:3124 Accounts Account Title Financial Statement Account to be debited Account to be credited Account to be debited Account to be credited Account to be debited Account to be credited Account to be debited Account to be credited A company reports the following sales-related information. Sales, gross Sales discounts $ 240,000 Sales returns and allowances 4,800 Sales salaries expense $19,000 10,800 Prepare the net sales portion only of this company's multiple-step income statement. Multiple-Step Inerne Statement (Partial) Net sales