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September 7, 2020 - Paid $500 cash to the landlord for September's rent. Bike Mail does not record the monthly rent as an asset because

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September 7, 2020 - Paid $500 cash to the landlord for September's rent. Bike Mail does not record the monthly rent as an asset because the rent will be totally consumed by the end of the month. Account Name Debit Credit A. Cash 500 Rent Expense 500 B. Prepaid Rent 500 Cash 1500 C. Cash 500 Prepaid Rent 500 D. Rent Expense 500 Cash 500 Account Set A Account Set B Account Set C Account Set D None of the above. September 10, 2020 -Bike Mail performed $750 of mail services for a customer. The customer paid $250 cash on September 10 and will pay the remaining amount in the future. Account Name Debit Credit A Cash 1750 Service Revenue 750 8. Service Revenue 750 Cash 250 Accounts Receivable 500 C Service Revenue 250 Cash 750 D. Cash 12.50 Accounts Receivable 1500 Service Revenue 750 Account Set A Account Set B Account Set Account Set None of the above September 14, 2020 -Bike Mail paid for the supplies purchased on September 4, 2014. Account Name Debit Credit A. Supplies Expense 12.000 Cash 2,000 B. Accounts Payable 2,000 Cash 2.000 c. Cash 2,000 Accounts Payable 2,000 D. Cash 2,000 Supplies Expense 2.000 Account Set A Account Set B Account Set Account Set D None of the above September 14, 2020 -Bike Mail entered into a one year contract to provide mail delivery services to a customer. Bike Mail will start providing the services on October 1, 2020. The customer paid Bike Mail $1.500 cash when the contract was signed on September 14, 2020. The $1,500 is payment for the first three months of mail delivery service, Account Name Debit Credit A Cash 1.500 Service Revenue 500 Prepaid Mail Service Receivable 1.000 8. Service Revenue 1,500 Cash 1,500 c. Unearned Service Revenue 11.500 Cash 1,500 Retained Earnings 1.500 Services Payable 1,500 Account Set A Account Set B Account Set Account Set D None of the above

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