The following are line items from the horizontal analysis of an income statement: Increase/ (Decrease) Increased (Decrease) Percent 2018 2017 Amount Fees earned $120,000 50,000 Wages expense Supplies expense $100,000 40,000 2096 $20,000 10,000 2596 600 800 2 Complete the last line of the analysis shown above. O a. (200) and (33)%, respectively O b. 200 and 255, respectively O c. 200 and 33%, respectively O d. (200) and (25)%, respectively Horizontal analysis of an income statement O a. uses the most recent year as the base year. O b. shows individual income and expense items as a percentage of net income. O c. compares individual income statement items to industry norms. O d. compares the amount of each item on a current income statement with the same item on an earlier income statement. What is the ending balance of the following account on April 30? Payments Accounts Payable 2,000 Apr. 1 Bal. Purchases 4,250 1,250 O a. $5,250 credit O b. $3,500 credit O c. $5,500 credit O d. $3,500 debit The T account for Unearned Rent appeared as follows after posting from the journal: Unearned Rent 23 Dec. 1 1,800 Which of the following is a correct statement about the journal entry that was posted? O a. A "23" was entered in the Post. Ref. column of the journal. O b. The debit portion of the entry was likely to Accounts Receivable. O c. The entry explanation likely read "Paid rent in advance." O d. All of these choices are correct. The journal entry to record fees earned on account of $13,500 would include a debit to O a. Fees Earned for $13,500 and a credit to Accounts Receivable for $13,500. O b. Cash for $13,500 and a credit to Fees Earned for $13,500. O c. Accounts Receivable for $13,500 and a credit to Fees Earned for $13,500. O d. Cash for $13,500 and a credit to Accounts Receivable for $13,500