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DQuestion 4 0.5 pts On September 1, Best Company began a contract to provide services to Dildwood Company for six months, with the total $10,800

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DQuestion 4 0.5 pts On September 1, Best Company began a contract to provide services to Dildwood Company for six months, with the total $10,800 payment to be made at the end of the six-month period. Equal services are provided each month. The firm uses the account Fees Receivable to reflect amounts due but not yet billed. What proper adjusting entry would Best Company make on December 31, the end of the accounting period (no previous adjustment has been made)? D Cash 7,200 Service Revenue 7.200 Fees (Accounts) Receivable 7.200 Service Revenue 7.200 Fees (Accounts) Receivable 10,800 Service Revenue 10,800 D None of the above Question 5 0.5 pts Smith Company paid $26.400 for a four-year insurance policy on September 1 and recorded the $26400 as a debit to Prepaid Insurance and a credit to

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