At December 31, 2016, the accounting records of Hill Pool, Co. reflected the following:

Accounts Payable $ 10,100 Accounts Receivable 8,450

Retained Earnings 7,830 Supplies ` 2,350

Building 23,950 Cash 15,420

Notes Payable, due Jan 2018 10,240 Common Stock 20,000

Unearned Revenue 2,000

During January 2017, the following transactions occurred:

Jan 2 Issued 5,000 shares of common stock in exchange for $10,000

Jan 8 Paid creditors $2,500 of what was owed on account.

Jan 15 Repaired a pool and collected the fee of $1,800.

Jan 19 Performed a $500 repair job, which Hill had previously been paid for.

Jan 25 Collected $2,400 from customers on account.

Jan 28 Repaired a customers pool for $8,200. Billed the customer.

Jan 30 Declared and paid a cash dividend of $500.

Jan 30 Paid $2,000 for January wages.

Jan 30 Supplies on hand at the end of the month amount to $1,300.

Jan 30 Received a utility bill for $500 which will be paid next month.

1. The journal entry to record the Jan 19 transaction would include a:

A. Debit to Accounts Receivable

B. Credit to Service Revenue

C. Debit to Service Revenue

D. Credit to Unearned Revenue

E. Credit to Accrued Expenses Payable

2. To record the Jan 30 transaction for the supplies, Hill, Inc would:

A. Debit to Supplies Expense for $1,300

B. Debit to Supplies for $1,050

C. Credit to Cash for $1,050

D. Credit to Supplies $1,300

E. Debit to Supplies Expense for $1,050

3. The balance in the Cash account on January 31, 2017 is:

A. $24,620

B. $26,320

C. $26,820

D. $25,770

E. $23,570

4. What is net income for the month of January?

A. $16,350

B. $ 8,850

C. $ 6,950

D. $18,350

E. $ 5,850