On May 17, Roy Company purchased merchandise from Lindsey Company with an invoice price of $15,000 on credit terms of 2/10, n/30. On May 21, Roy received from Lindsey a $1,300 allowance on the May 17 purchase. Roy uses a perpetual inventory system. The journal entry Roy will record when it accepts the allowance on May 21 is: On November 1, 2019, Bradley Company receives $7,000 cash in advance and promises to provide five months of services. Bradley records this on November 1 by debiting Cash $7,000 and crediting Unearned Service Revenue $7,000. Bradley begins providing the services immediately. In the December 31, 2019 adjusting entry, Bradley will: Which financial statement explains changes in retained earnings due to net income (or loss) and dividends over a period of time