Please need help for these questions. .

1. Russell Company collected cash of $440 immediately after providing consulting services to a client. Which of the following general journal entries will Russell Company make to record this transaction?

Multiple Choice

• Account Title	Debit	Credit
  Accounts Receivable	440
  Cash		440

• Account Title	Debit	Credit
  Cash	440
  Consulting Revenue		440

• Account Title	Debit	Credit
  Cash	440
  Accounts Receivable		440

• Account Title	Debit	Credit
  Unearned Revenue	440
  Cash		440

• No journal entry is required.

2. On January 1 of the current year, Jimmys Sandwich Company reported total equity of $133,000. During the current year, total revenues were $116,000, while total expenses were $125,500. No other changes in equity occurred during the year. The change in total equity during the year was:

Multiple Choice

• A decrease of $9,500.

• An increase of $29,500.

• An increase of $50,500.

• A decrease of $50,500.

• An increase of $83,000.

3. A company purchased $20,200 of supplies on credit. The journal entry to record this transaction consists of a:

Multiple Choice

• Debit Supplies for $20,200; credit Cash for $20,200.

• Debit Cash for $20,200; credit Supplies for $20,200.

• Debit Supplies for $20,200; credit Prepaid Expense for $20,200.

• Debit Supplies for $20,200; credit Accounts Payable for $20,200.

• Debit Accounts Payable for $20,200; credit Supplies for $20,200.

4.During March, the following transactions occurred:

1. The company paid $2,300 cash to rent office space for the month of March.
2. The company received $19,000 cash for repair services provided during March.
3. The company paid $6,500 for salaries for the month of March.
4. The company provided $3,300 of services to customers on account.
5. The company paid cash of $800 for utilities for the month of March.
6. The company received $3,400 cash in advance from a customer for repair services to be provided in April.
7. The company purchased $5,300 of land for cash.

Based on this information, net income for March would be:

Multiple Choice

• $12,700.

• $16,400.

• $5,600.

• $8,100.

• $16,500.