1. On May 5, your company received $10,000 advanced payment for future services to be rendered to a client. Which is the most appropriate journal entry for this payment received on May 5?

Group of answer choices

Debit Unearned Revenue for $10,000 and Credit Cash for $10,000

Debit Cash for $10,000 and Credit Accounts Payable for $10,000

Debit Service Revenue $10,000 and Credit Cash for $10,000

Debit Cash for $10,000 and Credit Unearned Revenue for $10,000

2. On May 5, your company received $10,000 advanced payment for future services to be rendered to a client. On May 31, about $3,000 worth of the work was completed. Which is the most appropriate journal entry for May 31?

Debit Cash for $7,000 and Credit Unearned Revenue for $3,000 and Service Revenue for $4,000

Debit Unearned Revenue for $3,000 and Credit Service Revenue for $3,000

Debit Unearned revenue for $7,000 and Credit Service Revenue for $7,000.

Debit Accounts Payable for $3,000 and Credit Service Revenue for $3,000

3. Which account would NOT be included in "income from operations" on a multi-step income statement? (Consider the business to be a grocery store. )

group of answer choices

Service revenue

Utilities expense

Sales revenue

Interest revenue