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+ Question 11 (1 point) Question 20) The followings are selected transactions for SALL Ltd for the fiscal year ended December 31, 2019. November 1:
+ Question 11 (1 point) Question 20) The followings are selected transactions for SALL Ltd for the fiscal year ended December 31, 2019. November 1: SALL paid three months' rent in advance to SANE Ltd covering the period from November 1, 2019 to January 31, 2020: $24,000. December 20: $28,000 of service was provided to ZACK Ltd on account, but SALL has not yet billed ZACK and as a result no record has been made in SALL's books. December 31: The gas bill for the month of December was received on January 16: $1,650. In the books of SALL, the adjusting entry required on December 31 for the transaction on December 20 would include: O a. a credit to deferred revenue for $28,000. b. a debit to accounts receivable for $28,000. c. a debit to prepaid expense for $28,000. d. a debit to cash for $28,000. e. a credit to accounts payable for $28,000
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