True or False? Assume a company received $800 cash in advance for services to be provided evenly over the next two months, and adjusting entries are recorded monthly. For the adjusting entry at the end of the first month, Unearned Revenues will be debited by $400. O True False True or False? You add net income and subtract dividends to arrive at the ending balance of retained earnings. O True O False Assume beginning retained earnings is $11,000, Net Income is $5,000, and Dividends are $1,000. What is the ending balance in retained earnings? O $15,000 5 O $17,000 O $7,000 O $5,000 True or False? The Income Statement is represented by the accounting equation. O True O False Jy