Reardon Realty Corporations ledger consisted of the following eight accounts: One additional transaction occurred: $2,000 of dividends were declared and paid. What would be total Owners Equity?

Select one:

a. $21,000

b. $34,000

c. $32,000

In November, cash is received in advance of rendering services. Assuming that the services have been performed by December 31, the adjusting entry would be a debit to:

Select one:

a. Unearned Service Revenue and a credit to Cash

b. Cash and a credit to Service Revenue

c. Service Revenue and a credit to Unearned Service Revenue

d. Service Revenue and a credit to Prepaid Services

e. Unearned Service Revenue and a credit to Service Revenue

Clear my choice

d. $24,000

e. $26,000