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QUESTION 13 Prior to preparing adjusting entries at the end 2019. Anacreon Company had balances of $37.000 in accounts receivable and $397.000 in service revenue.

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QUESTION 13 Prior to preparing adjusting entries at the end 2019. Anacreon Company had balances of $37.000 in accounts receivable and $397.000 in service revenue. During the final days of the year, the company completed a job for a customer. Anacreon will eventually charge $12,000 for this service but had not yet biled the customer nor accrued the income at year-end, What is the amount of the adjusting entry that Anacreon Company must record to bring the accounts up-to-date at yoar-ond? a $37.000 b. $49,000 c. $12.000 Od $409,000 e $397,000 QUESTION 14 Prior to preparing adjusting entries at the end 2019. Anacreon Company had balances of $37.000 in accounts receivable and $397.000 in service revenue. During the final days of the year, the company completed a job for a customer. Anacreon will eventually charge $12,000 for this service but had not yet billed the customer nor accrued the income at year-end. Which of the following will Anacreon Company present on its balance sheet at December 31, 2019? a. Service Revenue with a balance of $409.000 b. Service Revenue with a balance of $49,000 c. Accounts Receivable with a balance of $49,000 d. Accounts Receivable with a balance of $400,000 QUESTION 15 Prior to preparing adjusting entries at the end 2019. Anacreon Company had balances of $37,000 in accounts receivable and $397,000 in service revenue. During the final days of the year, the company completed a job for a customer. Anacreon will eventually charge $12,000 for this service but had not yet billed the customer nor accrued the income at year-end. Which of the following will Anacreon Company present on its income statement for the year ended December 31, 2019? a Service Revenue with a balance of $49,000 b. Accounts Receivable with a balance of $409,000 c. Accounts Receivable with a balance of $49,000 d. Service Revenue with a balance of $409,000

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