Question Completion Status: QUESTION 27 Unearned revenues are cash received and a liability recorded before services are performed. revenue for services performed and recorded as liabilities before they are received. revenue for services performed but not yet received in cash or recorded. revenue for services performed and already received in cash and recorded. QUESTION 28 Financial statements are prepared directly from the general journal. ledger. trial balance. adjusted trial balance. QUESTION 29 The balance in the Prepaid Rent account before adjustment at the end of the year is $21.000, which represents three months rente Remaining Time: 1 hour. 47 seconds. Question Completion Status: accrued revenue adjusting entries. QUESTION 25 In a service-type business, revenue is considered recognized at the end of the month. O at the end of the year. when the service is performed when cash is received. QUESTION 26 NWA Air Charter signed a four-month note payable in the amount of $20,000 on September 1. The note requires interest at an annual rate of 9. The amount of interest to be accrued at the end of September is $150 $200. 5600 $1.800. QUESTION 27 Click Save and Submit to save and submit. Click Save All Answers to save all answers