machine by paying $40,000 cash and signing a $50,000 accounts payable. Insunt's equity balance after this transaction is: $360,000 $410,000. O $310.000. O $450,000. Question 6 2 pts On April 1, Kidsor Corporation received $360,000 as advanced payment for a 3-year service contract. The adjusting journal entry that Kidsor would make on December 31st of the first year would include: Credit Unearned Revenue for $90,000 Debit Cash for $30,000 O Credit Revenue for $30,000, O Credit Revenue for $90,000. Question 7 2 pts Respit Corporation has 5 employees who each earn $300 per day. Assume the company pays its employees every Friday and the