Whats 48-50

Im

) Dickens Services Company performed accounting services for a dlient in December. A bill was mailed to the client on December 30. The company received a check by mail on the following accounts should appear on the balance sheet as of December 31 as related to the services performed? January 5. Which of A) Unearned Revenue B) Prepaid Expen inDeember. Accounts Receivable D) None, there is no entry in December. 49) Accrued revenue is revenue that A) the business has earned, but not yet collected in cash B) the business has collected in cash, but not yet eaned C) has been collected and earned D) will be collected and earned in the future The accountant for Bames Auto Repair Company failed to make an adjusting entry to record $5,000 50) of unpaid salaries for the last two weeks of the year. Which of the following is an effect of this mission? A) The total assets will be understated. The total assets will be overstated. B) The net income will be overstated. D) The net income will be understated