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Question 1 (0.5 points) Able Co. received $85,000 from a customer on April 1 for services to be provided partially in April and the rest
Question 1 (0.5 points) Able Co. received $85,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At the end of April, 32% of the services were complete. What is the amount that should be reported as REVENUE on the INCOME STATEMENT for the month ended April related to this customer's work? Enter your response as a whole number, no commas and no dollar signs. Your Answer: Answer Question 2 (0.5 points) Phillip Camera Store had a retained earnings balance of $32,000 on January 1, 20XX. For the year 20XX, sales were $890,000 and expenses were $290,000. The company declared and paid cash dividends of $21,000 during the year 20XX. What was the ending retained earnings on the balance sheet for Phillip Camera Store at December 31, 20XX? Enter your responses in whole numbers, no commas, and no dollar signs. Your
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