D Question 30 Kate's Catering Service uses accrual accounting and issues monthly financial statements. At November 30, Kate's Catering Service owed $500 for November utilities. On December 1, the catering service received a utility bill for the $500 of November utilities and pays the bill on December 5. Kate's Catering Service prepares no adjusting entry at November 30 since the bills not paid until December Oprepares an unearned revenue adjusting entry on November 30 O prepares a prepaid expense adjusting entry at November 30 prepares an accrued expense adjustment at November 30 Question 31 A law firm using accrual accounting will increase its revenice iffim O sells equipment for cash, O bills for legal services that will be provided Ocollects cash for legal services to be provided during the next accounting period O provides legal services on account 2 pts 2 pts