Choose right answer only:

On 04-03-2023, the company pays the electricity bill of $800. In the newspaper, you must: Question options:

Debit "electricity prepaid" for $800 and credit "supplier" for $800

Debit electricity for $800 and credit supplier for $800

Debit "RND" for $800 and credit "cash" for $800

Debit "electricity" for $800 and credit "cash" for $800

2)In March 2023, ABC Inc. sold (and delivered) services for $120,000, of which $100,000 was received in cash; the balance will be collected (cashed) in January 2024. The company's 2023 income statement should show which of the following amounts for service revenue? Question options:

$100,000

$20,000

$220,000

$120,000