Painting Revenue Unearned Painting Revenue Unearned Painting Revenue Painting Revenue C. 22,500 22,500 d. 22,500 22,500 11. On October 1, your calendar year company signs a $20,000 contract to have its c painted and makes a down-payment of $14,000 that you recorded in Painting E: If, on December 31, management informs you that 25% of the work has been completed, what adjusting entry will you record? a debit to Painting Expense for $5,000 b. a. a credit to Painting Expense for $9,000 a debit to Painting Expense for $9,000 C. d. a credit to Painting Expense for $5,000 12. Your calendar year company pays $12,000 a year for security services. On Novem you remit payment for the next 3 months' service and record it in Prepaid Securit Expense. At year end, what adjusting entry will you record? Prepaid Security Expense Security Expense Security Expense Prepaid Security Expense Security Expense Prepaid Security Expense d. Prepaid Security Expense Cash a. 1,000 1,000 b. 2,000 2,000 C. 3,000 3,000 1,000 1,000 13. On September 1, your calendar year company pays $12,000 for 1 year's rent that debit to Prepaid Rent. At year end, what adjusting entry will you record? Prepaid Rent Rent Expense Rent Expense Cash Rent Expense Prepaid Rent a. 4,000 4,000 b. 4,000 4,000 c. 4,000 4,000 d. Prepaid Rent 8,000 Rent Expense 8,000 Page 3 of 11