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Insert Editing 5 7 9.A journal entry to record a receipt of rent in advance will include a.credit to Unearned Revenue b.credit to Rent Revenue, c.credit to Cash 10. When an expense is paid in cash before it is used, it is called a(n) a.prepaid expense, b.cash expense c.estimated expense.d.accrued expense 11. Tutu Ltd. paid cash of $120,000 on June 1, 2017 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2017 adjusting entry is a.debit Prepaid Rent and credit Rent Expense, $70,000 b.debit Rent Expense and credit Prepaid Rent, $70,000.c.debit Prepaid Rent and credit Rent Expense, $50,000 d.debit Prepaid Rent and credit Cash, $50,000. 12.Earnings per share data are required on the face of the a.balance sheet. b.income statement. c.statement of stockholders' equity d.statement of retained earnings 13.Ortiz Co. had the following account balances: Sales revenue $ 440,000 220,000 Cost of goods sold Salaries and wages expense 30,000 Depreciation expense 60,000 Dividend revenue 12,000 Utilities expense 24,000 Rent revenue 60,000 Interest expense 36,000 Sales returns and allow 33,000 Advertising expense 39,000 What would Ortiz report as total expenses in a single-step income statement? a.$409,000 b.$421,000 c.$189,000 d. $442,000