QUESTION 34 During July the Methuen Corporation received $10,600 from customers serviced in June. Prepare the general journal entry required to record this transaction a. Debit accounts receivable for $10,600 and credit cash for $10,600. b. Debit cash for $10,600 and credit fees revenue for $10,600. c. Debit cash for $10,600 and credit accounts payable for $10,600 d. Debit cash for $10,600 and credit accounts receivable for $10,600. QUESTION 35 On October 31, the Lowell Corporation's total resources were $900,000. $240,000 of resources had been borrowed and $490,000 had been invested by owners What is the dollar amount of resources generated through management's operation of the company? a $1,630,000 b. $1,150,000 c. $650,000 d. $170,000