Question 28 Not yet answered Jefferson Services Company records the payment of $500 cash for previously accrued expenses and then makes an accrual of $825 for a revenue. What is the impact of these two entries? Points out of 3.00 P Flag question Select one: a. Net Income increased $825 and Working Capital increased $825 b. Net Income increased $825 and Working Capital increased $325 c. Net Income increased $325 and Working Capital decreased $500 d. Net Income decreased $500 and Working Capital increased $325. e. Net Income decreased $500 and Working Capital decreased $500. Question 29 The accounts to be credited in the closing entries at year-end include: Not yet answered Points out of 3.00 P Flag question Select one: a. Depreciation Expense, Purchases, Freight-in b. Freight-Out, Purchase Returns, Purchases c. Purchase Returns, Purchases, Interest Revenue d. Prepaid Expense, Depreciation Expense, Freight-Out e. Depreciation Expense, Purchase Discounts, Sales Returns