Summer Leasing received $10,600 from a customer to cover 24 months in advance. How should Summer record this transaction? of rent Multiple Choice eBook Debit Cash; credit Deferred Revenue Debit Rent Expense; credit Cash Debit Prepaid Rent; credit Rent Expense Debit Cash; credit Service Revenue On March 3, Cobra Inc. purchased a desk for $410 on account. On March 22, Cobra purchased another desk for $560 also on account, and then on March 24, Cobra paid $430 on account. At the end of March, what amount should Cobra report for desks (assuming these two desks were the only desks they had)? Multiple Choice o$410 o$150 $970 $560 During the year, Cheng Company paid salaries of $22,500. In addition, $8,200 in salaries has accrued by the end of the year but has not been paid. The year- end adjusting entry would include which one of the following? Multiple Choice Credit to salaries expense of $8,200 Debit to salaries expense for $30,700 Credit to salaries payable for $8,200 Debit to salaries payable for $22,500