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D Question 24 4.75 pts Based on the debits and credits shown below, what is the new ending balance for the deferred Revenue account? Deferred

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D Question 24 4.75 pts Based on the debits and credits shown below, what is the new ending balance for the deferred Revenue account? Deferred Revenue Debit Credit $4,000 $8,000 2,000 2,000 2,000 8,000 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Question 32 4.75 pts The balance of retained earnings is $12,000 on 1/1 at the beginning of the accounting period. Knights Inc. reports total revenues of $15,000; total expenses of $6,000; and pays dividends of $1,000 during this accounting period. What amount would the Balance Sheet show for Retained Earnings at the end of the accounting period on 12/31? Question 33 4.75 pts On 11/1, Ace Exterminating Service receives $12,000 in advance to provide exterminating services to a client over the next 12 months. What account is debited and what account is credited in the journal entry required on 11/1? (Select ALL that apply) Debit Cash Debit Accounts Receivable Credit Accounts Payable Credit Service Revenue Credit Deferred Revenue Credit Accounts Receivable

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