Presley Company experienced an accounting event that is recorded in the following T-accounts: Accrued Interest Receivable Accrued Interest Revenue 1,500 1,500 (left side of the Interest Receivable Account) (right side of the Interest Revenue Account) Which of the following choices accurately reflects how this event would affect the company's financial statements? Assets Liab Equity Rev Exp Cash Flow Net Inc . nia n/a n/a HOA n/a * . IV nia 1 nia -OA 13 n/a na d nia obb . Presley Company experienced an accounting event that is recorded in the following T-accounts: Accrued Interest Receivable Accrued Interest Revenue 1,500 1,500 (left side of the Interest Receivable Account) (right side of the Interest Revenue Account) Which of the following choices accurately reflects how this event would affect the company's financial statements? Net Cash Flow Rev Exp + Llab Equity Assets Inc n/a nia = n/a +OA n/a wa n/a -OA n/a n/a - C wa n/a n/a d wa a. a b.b Odd QUESTION 14 On December 1, 2018, Kramer Company collected $18,000 of cash in advance from a customer for services to be provided from January 1, 2019 through June 30, 2019. Which of the following is the correct general journal entry to record this transaction? Debit Credit Account a Cash $18,000 $18,000 Service Revenue $18.000 b Cash $18,000 $18,000 C Unearned Service Revenue Unearned Service Revenue Cash $18.000 $18,000 d Accounts Receivable $18.000 Cash ORA b. Occ Od.D Francis Corporation was established on January 1, 2018, when it acquired $70,000 cash from issuing common stock. A result of this transaction would be to a. Debit (left side of the T-account) Common Stock for $70.000 O b. Credit (right side of the T-account) Common Stock for $70,000 OC Credit (right side of the T-account) Cash for $70,000 d. Credit (right side of the T-account) Revenue for $70.000