Question
D Question 26 2 pts Stella's Seafood Company uses accrual accounting and issues monthly financial statements. On April 1, 2020, Stella's received $5,000 cash from
D Question 26 2 pts Stella's Seafood Company uses accrual accounting and issues monthly financial statements. On April 1, 2020, Stella's received $5,000 cash from customers for seafood that will be provided during May 2020. What is Stella's required entry on April 1, 2020? O Increase Cash and Revenue by $5,000 O Decrease Unearned Revenue and increase Revenue by $5,000 Increase Cash and increase Unearned Revenue by $5,000 Od. Increase Accounts Receivable and Revenue by $1,000 Question 27 Which item below only lists accounts that increase with a debit? Cost of Goods Sold. Supplies, Dividends O Unearned Revenue Cash, Prepaid Insurance Equipment Accumulated Depreciation Depreciation Expense Utilities Expense, Land. Common Stock 2 pts
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