For the entries below, Identify the account to be debited and the account to be credited....

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For the entries below, Identify the account to be debited and the account to be credited. Indicate which of the accounts is the Income statement account and which is the balance sheet account. Assume the company records prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. a. Entry to record services revenue earned that was previously received as cash in advance. b. Entry to record wage expenses incurred but not yet paid or recorded. c. Entry to record services revenue earned but not yet billed or recorded. d. Entry to record expiration of prepaid Insurance. e. Entry to record consulting services performed but not yet billed or recorded. Accounts a. Account to be debited a. Account to be credited b. Account to be debited b. Account to be credited c. Account to be debited c. Account to be credited d. Account to be debited d. Account to be credited e. Account to be debited e. Account to be credited Account Title Financial Statement A company reports the following sales-related Information. Sales, gross Sales discounts $ 240,000 Sales returns and allowances 4,800 Sales salaries expense $ 19,000 10,800 Prepare the net sales portion only of this company's multiple-step Income statement. Multiple-Step Income Statement (Partial) Net sales 0 For the entries below, Identify the account to be debited and the account to be credited. Indicate which of the accounts is the Income statement account and which is the balance sheet account. Assume the company records prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. a. Entry to record services revenue earned that was previously received as cash in advance. b. Entry to record wage expenses incurred but not yet paid or recorded. c. Entry to record services revenue earned but not yet billed or recorded. d. Entry to record expiration of prepaid Insurance. e. Entry to record consulting services performed but not yet billed or recorded. Accounts a. Account to be debited a. Account to be credited b. Account to be debited b. Account to be credited c. Account to be debited c. Account to be credited d. Account to be debited d. Account to be credited e. Account to be debited e. Account to be credited Account Title Financial Statement A company reports the following sales-related Information. Sales, gross Sales discounts $ 240,000 Sales returns and allowances 4,800 Sales salaries expense $ 19,000 10,800 Prepare the net sales portion only of this company's multiple-step Income statement. Multiple-Step Income Statement (Partial) Net sales 0