y 1, 2016 and the Matisse Co. began the year with $1,00 cash During the month of the Matisse Co, made one deposit in the Cash account for E. journal would be prepared urea May. $6,000 and made one cash lanuary, payments A $6,200 credit balance. B. $5,200 debit balance C $5,200 credit balance. D. $6,200 debit balance ts totaling $800. The ending balance in the account "Cash" would be On September 1, 2016, the Matisse Co. received $12,000 cash for next 12 months services to be performed over the 27. The journal entry prepared on September 1, 2016, would include a A. Debit to Cash. B. Debit to Unearned Revenue. C. Credit to Service Revenue. D. A and B. E. A and C 28. The adjusting journal entry prepared on December 31, 2016 would include a: A. Debit to Unearned Revenue of $4,000 and a credit to Service Revenue of $4,000. B. Debit to Service Revenue of $4,000 and a credit to Unearned Revenue of $4,000. C. Debit to Cash of $3,000 and a credit to Unearned Revenue of $3,000. D. Debit to Cash of $4,000 and a credit to Service Revenue of $4,000. 29. Which of the following statements is true? A. Payables are increased by a credit. B. Receivables are increased by a credit. C. Contributed Capital is increased by a debit. D. Retained Earnings is increased by a debit. E. None of the above