cion 18 Received $30,000 in cash from customers for services provided to them in the current period. ered sout of Which of the following is the impact of this transaction on the expanded accounting equation? ag tion Select one: Increase CASH and increase REVENUE Increase CASH and decrease ACCOUNTS RECEIVABLE O Increase ACCOUNTS RECEIVABLE and increase REVENUE Increase CASH and decrease UNEARNED REVENUE Increase CASH and increase UNEARNED REVENUE stion 20 For the following transaction, which is the correct journal entry? yet vered ats out of $5,000 in services performed in the current period for customers that will pay us in a later period have not yet been billed and need to be accrued. Flag estion Select one: O DEBIT unearned revenue; CREDIT service revenue O DEBIT service revenue; CREDIT unearned revenue DEBIT unearned revenue; CREDIT accounts receivable O DEBIT accounts receivable; CREDIT service revenue O DEBIT accounts receivable; CREDIT unearned revenue Question 22 Not yet answered In creating financial statements for the period, the accountant for Shamus Enterprises failed to record an adjustment to record the usage of $2.000 of supplies during the period. Points out of 1.00 As a result of failing to make the adjustment, which of the following is true? Flag question Select one: Net income is understated and total assets are correctly stated Net income is understated and total assets are understated O Net income is overstated and total assets are overstated Net income is overstated and total assets are understated Net income is understated and total assets are overstated