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Held to maturity investments QUESTION 21 Using the following select the best answer indicating the effect of the transaction given below Adjustments Assets BALANCE SHEET Liabilities Stockholders Equity INCOME STATEMENT Roos Expenses Recognized services earned for $10,000 payments received the previous month The asset cash is increased by $10,000, service revenue is increased by $10,000 increasing retained earnings and total equiry The the liability uneared service revenue decreased by $10,000, service revenue is increased by $10,000 increasing retained earnings and total equity O The Asset accounts receivable is increased by $10,000, service revenue is increased by S10,000 increasing retained camnings and total equity The met accounts receivable is increased by $10,000, uneared service revenue is increased by $10,000 QUESTION 22 Use the following select the best answer QUESTION 22 Using the following select the best awer Adjustments Assets BALANCE SHEET Liabilities Stockholders Equity INCOME STATEMENT Re Expenses Recognized beprecation expense for the current month for $7.000 Depreciation Expense increased by 57.000, increasing retained rains and total equity, the contes et accumulated depreciations increased and total sets are decreased by $7.000 Depreciation Expense increased by 37,000, decreasing tuned arms and total equity, the ability depreciation payable is morsed by $7,000 O Depreciation Expense increased by 57.000, decreasing retained earnings and total equity, the contra aset seumule depreciation wincreased and to stare decreased by 57.000 Depreciation Expense increased by 57,000, decreasing and earnings and total equity, the asset cash is decreased by 57.000 QUESTION 23

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