Homepage - ACCT-151-R06 - Principles of Fin ACCT II Principles of Financial Accounting 2 - Simple Book Publishing 1.8 End-of-Chapter 7. Jenkins Company received $600 from a client in May for work Jenkins would perform during May and June it is appropriately recorded as unearned revenue when received. What entry should Jenkins make on May 31 if one-third of the work is complete on that date? 1. Debit Cash $600 and credit Revenue $600. 2. Debit Unearned Revenue $200 and credit Revenue $200. 3. Debit Cash $600 and Credit Revenue $600. 4. Debit Unearned Revenue $600 and Credit Revenue $600 8. Which of the following accounts would increase retained earnings when closed into it? 1. Dividends 2. Sales revenue 3. Loss of sale of land 4. Rent expense 9. Which of the following is not one of the four types of adjustments? 1. Prepaid revenue 2. Accrued expenses 3. Unearned revenue 4. Prepaid expenses tement Preparation Next: Chapter 2: In a Set of Financial Statements, What Information