QUESTION 27 9,000 Adams, Inc recorded the following journal entry on March 2, 2018 Cash Uneamed Revenue 9,000 From the journal entry above, identify the transaction on March 2, 2018 Adams received 59,000 for services to be performed in a later period Adams purchased goods worth $9,000 and signed a one-year note for the same amount Adams paid $9,000 for services to be received at a later date Adams sold goods for 59,000 cash QUESTION 30 Justice, Inc. purchased a machine for $15,000 two years ago. The machine had no residual value and had an estimated useful life of 10 years. If the company uses the straight-line depreciation method, calculate the current book value of the machine 516,500 $15,000 $3.000 $12,000 QUESTION 31 Adams Service Company had a net income of $14,500 for the year ending December 31, 2018. The total assets on January 1, 2018 were 528,000. The total assets on December 31, 2018 were $16,000. Calculate Adam's return on assets (ROA) 51.79% 65.91% 90 639 151.72% UUESTION 34 2.5 Wellness, a healthy living magazine, collected $504,000 in subscription revenue on May 31 Each subscriber will receive an issue of the magazine in each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting. What is the balance in the Uneamed Revenue account as of December 317 $210,000 $294.000 5378,000 $504 000