QUESTION 30 Which of the following correctly states the proper order of the accounting cycle? a. Adjust accounts, record transactions, close temporary accounts, prepare statements. O b. Record transactions, adjust accounts, prepare statements, close temporary accounts. c. Adjust accounts, prepare statements, record transactions, close temporary accounts. d. Prepare statements, record transactions, close temporary accounts, adjust accounts. QUESTION 31 Natchez Company collected $9,000 on September 1, 2020 from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Natchez Company report related to this contract on its income statement for the year ended December 31, 2020? How much would it report as cash flows from operating activities for 2020? a. $9,000; $9,000 b. $3,000; $9,000 c. $0; $9,000 d. $3,000; $3,000