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Question 1: Question 2: Question 3: On May 17, Buckeye Corporation performed $800 of services for Betty DeRose, a customer. Betty paid for one-half of

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On May 17, Buckeye Corporation performed $800 of services for Betty DeRose, a customer. Betty paid for one-half of the bill on May 17 and agreed to pay the remainder within 30 days. On June 9, Betty paid the remaining amount owed. Which of the following journal entries would Buckeye Corporation make on June 9? debit accounts receivable $400 and credit cash $400 debit cash $400 and credit service revenue $400 debit accounts payable $400 and credit service revenue $400 debit cash $400 and credit accounts payable $400 debit accounts payable $400 and credit accounts receivable $400 debit cash $400 and credit accounts receivable $400 debit accounts payable $400 and credit cash $400 For each item below, indicate whether a debit or credit is appropriate by clicking in the drop down box to the right of each item. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches willl be different. Therefore, exercise cautlon when entering your answers into carmen. Quiz scores will not be adjusted for errors in entering choices. a decrease to retained earnings [Choose] an increase to mortgage payable [Choose ] an increase to interest revenue Choose ] a decrease to prepaid rent Choose ] an increase to cost of goods sold [Choose ] a decrease to unearned revenue [Choose] On May 1, 2016, Wozniak Company purchased a two-year fire insurance policy for $3,600. On that date, Wozniak debited the prepaid insurance account for $3,600 What adjusting journal entry should Wozniak record on December 31, 2016? debit insurance expense $1,200 and credit prepaid insurance $1,200 debit insurance expense $1,800 and credit prepaid insurance $1,800 debit prepaid insurance $1,200 and credit insurance expense $1,200 debit prepaid insurance $1,800 and credit insurance expense $1,800 no adjusting entry should be made relating to the prepaid insurance

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