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D Question 27 2 pts On December 1, 2019, Troy Company receives $20,000 cash in advance and promises to provide five months of services. Troy

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D Question 27 2 pts On December 1, 2019, Troy Company receives $20,000 cash in advance and promises to provide five months of services. Troy records this on December 1 by debiting Cash $20,000 and crediting Unearned Service Revenue $20,000. Troy begins providing the services immediately in the December 31, 2019 adjusting entry, Troy will Debit Uncated Service Revenue $5,000 credit Service Revenue $5,000 Debit Service Revenue $4,000, credit Accounts Receivable $4.000 Debit Uneared Service Revenue $4.000 credit Service Revenue $4.000 Debit Accounts Receivable $4,000 credit Service Revenue $4.000 Question 28 2 pts On January 1, 2019, a company purchases equipment for $31,000. The company uses the straight-line depreciation method and estimates that the equipment will have a useful life of three years and a salvace value of $1.000. The company's annual accounting period ends on December 31 At the beginning of the equipment's third year, the estimated number of years remaining in its useful life changes from one to two years and its estimate of Salvage value changes from $1,000 to $750. How much Depreciation Expense will the company record for each of the final two years! $ 55 $5000 $10.000 S500

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