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Question 8. Benajamina Co. collected $ 4,000 in November for services to be performed over the following three months. Which type of adjusting entry should

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Question 8. Benajamina Co. collected $ 4,000 in November for services to be performed over the following three months. Which type of adjusting entry should it make prior to preparing financial statements? A Accrued revenues B. Deferred expenses C. Prepaid expenses D. Unearned revenues Question 9. Blossom Consulting uses the cash basis of accounting and a fiscal year ending December 31. Beginning on September 1, 2021, Blossom performs services for Renfro International at a rate of $5700 per month. On February 12, 2022, Renfro pays Blossom $26300 in full for all services rendered from September 1, 2021 to January 31, 2022, Blossom understated accrual basis revenues by on its year-end 2021 financial statement. 15 D. Unearned revenues Question 9. Elossom Consulting uses the cash basis of accounting and a fiscal year ending December 31. Beginning on September 1, 021, Blossom performs services for Renfro International at a late of $S700 per month. On February 12, 2022, Renfro pays Blossom $26300 in full for all services rendered from September 1, 2021 to January 31, 2022. Blossom understated accrual masis revenues by on its year-end 2021 financial statement. A. $15340 B. $26300 C. $5700 D. $21040 Question 10. an financial statements be prepared directly from the adjusted tabular summary? A. They cannot. A separate list must be used. B. They can because the adjusted tabular summary reflects the adjusted balance to retained earnings. Var disctments have brocarded

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