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After posting the adjusting entry to record revenues earned but not yet collected, which account will be increased Unearned Revenue Accounts Payable Accounts Receivable Prepaid

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After posting the adjusting entry to record revenues earned but not yet collected, which account will be increased Unearned Revenue Accounts Payable Accounts Receivable Prepaid Revenue QUESTION 11 A company declared and paid a dividend of 58,000 this year. The entry to close the Dividend at the end of the year will include a debit to Dividends and a credit to Cash for 58,000. Retained Earnings and a credit to Dividends for $8,000, Dividends and a credit to Dividends Payable for $8,000. Dividends and a credit to Retained Earnings for $8,000. During 2015 Maverick Lawum ad the following transactions with it dients costomers On February 2015 the company received cash of $5,000 from clients in payment of the account balance December 31, 2016 On November 1, 2015, the company received $2,000 cash as payments in advance for law services to be performed in 2016 . The company received a total of 23.000 in cash for low services that were performed during 2015 The company sent bills totaling $4,000 to clients for services performed during 2015, this amount was rodas December 2015

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