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Majan company provides hosting services. During January 2012 Al Bayan Company held an event at Majan Company. The charges related to the event total $510,000,

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Majan company provides hosting services. During January 2012 Al Bayan Company held an event at Majan Company. The charges related to the event total $510,000, of which 35% has been paid by AlBayan Company. When Majan Company makes the appropriate adjusting entry, which of the following is part of the adjustment made to its January 31, 2012? Select one a. Debit Accounts Receivables $331,500. O b. Credit Service Revenues $331,500. O c.Two of the choices are correct. O d. Debit Cash $510,000. 3 On July 1, Majan Company paid $13.600 to AlNoor Company for 6 months' rent beginning August 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on October 31, the adjusting entry to be made by Majan Company is 1.00 Select one: a. Debit Rent Expense, $13,600; Credit Prepaid Rent, $13,600. b. Debit Rent Expense, $13,600; Credit Prepaid Rent, $6,800. o c. Debit Rent Expense, $6,800; Credit Prepaid Rent $6,800. d. Debit Rent Expense, $8,000; Credit Prepaid Rent $8,000

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