CBA Co. uses accrual basis accounting. It collects $20,000 in December for a job and credits unearned revenue. By the end of December, its year end, CBA has completed 40% of the work. Which accounts does CBA debit and credit in the adjusting journal entry on December 31? Rehabilitation, Inc. uses accrual basis accounting. It collects $10,000 in December for a painting job and credits revenue. By the end of December, its year end, the company has completed 30% of the job. How much cash did Rehabilitation, Inc. collect in December? Your company's year ends on May 31. On May 1, it borrowed $50,000 for 1 year at 12% interest. How much interest expense has it accrued on May 31? 10. In accrual basis accounting, "recognized" would mean 12. DEF Co. uses accrual basis accounting. It pays $15,000 to cover a 3-year insurance premium and debits "insurance expense". One (1) year has elapsed. How much insurance expense has DEF Cc. incurred this year? 15. Total debits must equal total credits. This is the basis of 16. CBA Co. uses accrual basis accounting. It collects $20,000 in December for a job and credits unearned revenue. By the end of December, its year end, CBA has completed 40% of the work How much revenue has CBA earned in December? 18. Rehabilitation, Inc. use accrual basis accounting. It collects $10,000 in December for a painting job and credits revenue. By the end of December, its year end, the company has completed 30% of the job. How much cas did Rehabilitation, Inc. collect in December