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Accounts Payable A. supplies Purchased supplies on account. N- D. Purchased supplies cash. 17. Kincaid with c records to transaction? ided consulting service of s2.soo to a customer who paid s1,300 and ch of the following journal entries correctly Accounts payable Consulting revenue 2,500 Accounts receivable Consulting revenue 2,500 Consulting revenue Consulting revenue 1,300 Accounts receivable 18. Describe the transaction shown in the following joumal entry. Cash Unearned Revenue 6,000 A. Paid cash to a customer who requested a (8 Received cash in advance for work to be performed in future months. C. Recorded adjusting entry for work completed. D. Received cash for services completed. 19. Sheldon Company began 2016 with si,200 in its supplies account. During th year, the company purchased S3,400 of supplies on account. The company paid $3,000 on accounts payable by end. On December 31, 2016, Sheldon counted si of supplies on hand. 1,400 Sheldon's financial statements for 2016 would show: A. 1,600 of supplies; S200 of supplies expense 41,2 oo supplies B. $1,400 of supplies; $2,000 of supplies expense supplies C 1,400 of supplies; S3,200 of supplies expense si 600 of supplies: S3,400 of supplies expense