Which of the following accounts is not closed at year-end? Dividends Payable On b. Service Fees Revenue. Oc Depreciation expense. d. Dividends Declared. On November 1, 20X1, ABC Co. received a $30,000 note receivable from a client for services rendered. The note recevable will be due on February 1,20x2 with interest at 4% per year, ABC Co. adjusts is books monthly. What is the total amount of interest income on this note receivable for the fiscal year ended December 31, 20X12 a $300 b. $1,200 a $100 d. $200 ABC Co, borrowed $80,000 on July 1, 20x1, signing a note payable beuring interest at 3% per year. The note payable will be paid off with interest on December 1, 20X1. ABC Co.'s year-end is December 31 each year. If ABC Co. adjusts its books monthly, what adjusting entry is needed on August 31, 20X12 Debit: Interest expense 2,400 wa Credit: Interest payable 2,400 200 Debit: Interest expense b. CODIE Cath. 200 Debit: Interest expertie, 200 Credit: Interest payable. 200 400 Debit: Interest expense Credit: Interest payable d 400 On July 10, 20X6, ABC Co. collected $49,000 for services performed and billed during the previous month of June 20x6. Using accrual accounting, the July 10, 20X6 entry is: Debit: Cash 49,000 Credit: Unearned service fees revenue. 49,000 O Debit: Accounts receivable.. Credit: Service fees revenue. ,49,000 49.000 b. 49,000 Debit: Cash Credit: Accounts receivable Go 49,000 49,000 d. Debit: Cash Credit: Service fees revenue 49,000