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Topka iu Company rei o Service k, $100 vedk Service Rave, 5940 24 On May 25, Celin Company received a $550 chok trom Anty Jeer tot envices to be parfonned in the futuna. The bookkeepes for Cern Compesy imooemecily for 5550 and credited Accounss Receivahle for 5550. The omounks bose been posted to B) debit Accounts Receivable 5350 and credin Servics Revenue 5550 c) debit Accounts Reccivabh: $550 ed credn Cash 5550 D) dehit Aceounts Receivable $550 and credit Uncarmed Service Revemoe 8550 27. Income Summary bas a credit halance of S12,000 in J. Wenger Co. afher closing revenoes sand expenses. The entry to close lecome Summcy is and expenses. The A) credit Income Summary 512,000, debin Retained Earnings 312,000 B) credit Encome Summary $12,000, debit Dividends$12,000. C) debit Income Summary $12,000, credit Dividends$12,000, D) debit Income Summary $12,000, credit Retained Earning 512,000 28. On September 23, Riley Company received a $350 check from Jack Colaw for services to be performed in the future. The bookkeeper for Riley Company incorrectly debited Cash for $350 and credited Accounts Receivable for $350. The amounts 'tvave been posted to the ledger. To correct this entry, the bookkeepet shoulda A) debit Cash $350 and credit Unearned Service Revenue $350. B) debit Accounts Receivable $350 and credit Unearned Service Revenue $350. C) debit Accounts Receivable $350 and credit Cash $350. D) debit Accounts Receivable $350 and credit Service Revenue $350. Topka iu Company rei o Service k, $100 vedk Service Rave, 5940 24 On May 25, Celin Company received a $550 chok trom Anty Jeer tot envices to be parfonned in the futuna. The bookkeepes for Cern Compesy imooemecily for 5550 and credited Accounss Receivahle for 5550. The omounks bose been posted to B) debit Accounts Receivable 5350 and credin Servics Revenue 5550 c) debit Accounts Reccivabh: $550 ed credn Cash 5550 D) dehit Aceounts Receivable $550 and credit Uncarmed Service Revemoe 8550 27. Income Summary bas a credit halance of S12,000 in J. Wenger Co. afher closing revenoes sand expenses. The entry to close lecome Summcy is and expenses. The A) credit Income Summary 512,000, debin Retained Earnings 312,000 B) credit Encome Summary $12,000, debit Dividends$12,000. C) debit Income Summary $12,000, credit Dividends$12,000, D) debit Income Summary $12,000, credit Retained Earning 512,000 28. On September 23, Riley Company received a $350 check from Jack Colaw for services to be performed in the future. The bookkeeper for Riley Company incorrectly debited Cash for $350 and credited Accounts Receivable for $350. The amounts 'tvave been posted to the ledger. To correct this entry, the bookkeepet shoulda A) debit Cash $350 and credit Unearned Service Revenue $350. B) debit Accounts Receivable $350 and credit Unearned Service Revenue $350. C) debit Accounts Receivable $350 and credit Cash $350. D) debit Accounts Receivable $350 and credit Service Revenue $350

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