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Emmitt had the following final balances after the first year of operations: assets $55,000, stockholders' equity. $25,000; dividends, $3,000; and net income, $10,000. What
Emmitt had the following final balances after the first year of operations: assets $55,000, stockholders' equity. $25,000; dividends, $3,000; and net income, $10,000. What is the amount of Emmitt's abilities? O $55,000. O $30,000. $7,000. $13,000. D Question 37 3 pts On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount received was credited to Deferred Revenue. What would be the required adjusting entry at December 31, 2021? O Debit Deferred Revenue and credit Service Revenue for $36,000. Debit Service Revenue and credit Deferred Revenue for $24,000. O Debit Deferred Revenue and credit Service Revenue for $12,000. O Debit Deferred Revenue and credit Service Revenue for $24,000.
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