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Question 13 (1 point) On December 5, 2020, Pacific Coast, CPA, received S 25,000 from a customer as an advance payment for accounting work to

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Question 13 (1 point) On December 5, 2020, Pacific Coast, CPA, received S 25,000 from a customer as an advance payment for accounting work to be done. The payment was credited to Service Revenue. Twenty-five percent of the work was performed in December 2020, with the rest to be done in January and February 2021, at which time the customer will be billed. The required adjusting entry at December 31, 2020 (year end) is Dr. Unearned Revenue S 6,250, Cr. Service Revenue S 6,250. Dr. Service Revenue S 6,250, Cr. Unearned Revenue S 6,250. Dr. Unearned Revenue S 6,250, Cr. Service Revenue $ 6,250. Dr. Service Revenue S 18,750, Cr. Unearned Revenue S 18,750. Question 14 (1 point) Mars Corp. issued ten-year bonds with a maturity value of $ 400,000. If the bonds were issued at a premium, this indicates that are the same Question 14 (1 point) Mars Corp. issued ten-year bonds with a maturity value of $ 400,000. If the bonds were issued at a premium, this indicates that the market and stated rates were the same. the market rate was higher than the stated rate. the stated rate was higher than the market rate. no relationship exists between the two rates

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