1.Which is NOT an example of a temporary account?

Select one:a.

Accumulated Depreciation

b.

Electricity and gas expense

c.

Income summary

d.

Service revenue

2.

Which of the following journal entries would be recorded if a business renders services and receives cash of $400 from the customer?

Select one:a.

Dr Service revenue 400 / Cr Accounts payable 400

b.

Dr Cash 400 / Cr Service revenue 400

c.

Dr Service revenue 400 / Cr Accounts receivable 400

d.

Dr Service revenue 400 / Cr Cash 400