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September 20, 2020 -Bike Mail received $500 from the customer billed on September 10, 2020. Account Name Debit Credit A Cash 500 Service Revenue 500

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September 20, 2020 -Bike Mail received $500 from the customer billed on September 10, 2020. Account Name Debit Credit A Cash 500 Service Revenue 500 B. Service Revenue 500 Cash 500 C. Accounts Receivable 500 Cash 500 D. Cash 500 Accounts Receivable 500 Account Set A Account Set B Account Set Account Set D None of the above September 30, 2020 -Bike Mail paid $620 in cash to its employee for work performed during the month of September. Account Name Debit Credit A Wages Expense 520 Wages Payable 620 B. Wages Expense 620 Cash 620 c. Worker Wages Receivable 1620 Wages Payable 620 D. Cash 620 Wages Expense 620 Account Set A Account Set B Account Set Account Set D None of the above On June 1, 2020 Yellow Company purchased a new piece of equipment for $180,000 cash. On June 1 Yellow recorded the equipment purchase with a Debit to the Equipment account and a Credit to the Cash account. Yellow estimates that the equipment will last 6 years. Yellow also estimates that at the end of 6 years the equipment will have no future value and will be scrapped. Yellow uses the straight- line depreciation method Yellow Company operates on a monthly accounting period. Select the adjusting entry Yellow should make as of June 30, 2020 for the depreciation of the equipment: Account Name Debit Credit A Depreciation Expense 30,000 Accumulated Depreciation 30,000 B. Depreciation Expense 2.500 Accumulated Depreciation 2.500 c. Accumulated Depreciation 30.000 Equipment 30,000 D. Accumulated Depreciation 2.500 Depreciation Expense 2.500 Adjusting Entry A Adjusting Entry B Adjusting Entry Adjusting Entry None of the above

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