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please help quickly with these accounting questions. will give thumbs up! On April 20, 2022, the company performs and completes a service project for a

please help quickly with these accounting questions. will give thumbs up! image text in transcribed
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On April 20, 2022, the company performs and completes a service project for a customer. The company bills the client $1,000,000 for the wom performed. The client has until April 30, 2022, to pay the invoice. On April 20, 2022, the company will record the following journal entry: Select one: a. Debit accounts receivable and credit sales revenue for $1,000,000 b. No journal entry is required O c. Debit accounts payable and credit service revenue for $1,000,000 d. Debit sales revenue and credit accounts receivable for $1,000,000 e. Debit cash and credit sales revenue for $1,000,000 Which of the following transactions is most likely not to result in an adjusting entry at the end of the period? Select one: O a. None of the above O b. Performance of a service for which payment was not received in advance. c. Purchase of a two-year insurance policy O d. Purchase of inventory for sale in the subsequent period e. Purchase of office equipment Which of the following journal entries would be recorded for the purchase of inventory on account? Select one: O a. Debit cash and credit accounts payable O b. No journal entry is required O c. Debit inventory and credit cash d. Debit accounts payable and credit inventory e. Debit inventory and credit accounts payable

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