Question 12 1 pts On November 1, Gavin Company paid six months' insurance in advance totaling $4,800. The policy begins on November 1. An adjusted trial balance prepared on December 31 would include a balance in the Prepaid Insurance account of: $1,600. O $4,800. O $3,200. O $1,800. Question 29 0/1 pts Which of the following would not be considered a transaction that should be recorded in the accounting system? The company signs a contract to provide legal services to a customer starting next year. An employee works 8 hours for the company, and will be paid for this work next week. O A customer pays the company $900 for services to be provided next month. The company uses some of the supplies that were purchased last month. Question 21 0/1 pts Revenues are: decreases in retained earnings resulting from delivering goods or services to customers. increases in retained earnings resulting from delivering goods or services to customers. o increases in liabilities resulting from delivering goods or services to customers. increases in contributed capital resulting from delivering goods or services to customers