con Status QUESTION 28 On August 31, 2018. Allright Services received $3,500 in advance of performing the service. Which journal entry is needed to record the receipt of cash A) Debit Unearned Revenue $3.500, and credit Cash $3.500. B) Debit Cash $3.500, and credit Service Revenue $3.500 Debit Unearned Revenue $3.500, and credit Service Revenue $3.500 D) Debit Cash $3.500, and credit Unearned Revenue $3.500. QUESTION 29 When a business records accrued interest expense on a note payable A) Interest Expense is credited B) Note Payable is credited C) Cash is debited D) Interest Payable is credited QUESTION 30 A $54,000, four-month, 12% note payable was issued on October 1, 2018. Which of the following would be included in the journal entry required on the notes maturity date by the borrower? Do not round any intermediate calculations, and round your final answer to the nearest dollar A) a credit to Note payable for $56,160 B) a credit to Cash for $54,000 C) a debit to interest expense for $540 D) a debit to interest payable for $540 QUESTION 31 At the maturity of a note payable, a borrower will pay A) the principal plus interest B) the principal amount only C) the interest amount only D) the principal minus interest QUESTION 32 Peter earns $14.50 per hour for straight time (40 hours) and the company pays him time and a half for overtime. He worked 46 hours at his job during the first week of March 2016. What was Peter's gross pay for the week? OA) 5667.00 B) 5671.50 C) $710.50 D) 51000.50 QUESTION 33 is a pay amount stated at an hourly rate. A) Salary B) Wage Commission Dj Borus QUESTION 34 is pay stated as a percentage of a sale amount. A) Salary B) Wage C) Commission D) Bonus QUESTION 35 m. Which of the following is pay over and above base salary, usually paid for exceptional performance? A) FICA B) benefits C) wages D) bonuses QUESTION 36 Regarding gross and net pay, which of the following statements is correct? A) Gross pay minus all deductions such as income tax withheld equals net pay. B) Net pay represents the total salaries and wages expense to the employer. For most businesses, gross pay equals net pay. D) Employers are required to deposit net pay into the employee's bank account