An entity has recognised revenue for which the services have not been performed but the cash has been received. Which of the following is the correct adjusting entry? a. Dr Revenue Cr Cash b. Dr Revenue received in advance Cr Cash c. Dr Liability Cr Revenue d. Dr Revenue Cr Revenue received in advance e. Dr Cash Cr Revenue On Friday of each week, Cobolt Ltd pays its factory personnel weekly wages amounting to $2,500 for a five-day work week. During January, pay day falls on Friday 25 . For the month end accounts for January, the amount to be accrued for wages would be: a, $500 b. $1000 c. $1500 d. $2000 e. No adjustment is necessary