If you have 2,000 of equipment and 300 of accumulated depreciation, your net equipment is: 2,300 1,700 300 2,000 Revenue is recognized when Earned Paid Owed Time passes Rogers Company hires a repair person to fix some lighting fixtures. The repairman does the work on February 27th and Rogers pays the repairman on March 2nd. When would Rogers record the repair expense? February Half of the expense in each month March April Which of the following accounts is never involved in an end of period adjusting entry? accounts receivable cash revenue accounts payable