can you please answer 7-10

When a company is owed for sales made to customers on credit, the asset called Accounts Payable will be reported on the balance sheet Accounts Receivable will be reported on the income statement Accounts Receivable will be reported on the balance sheet Sales Revenue will be reported on the balance sheet Accounts Payable will be reported on the income statement QUESTION 8 In May, Rec Rooms, Inc., collected $8,000 oved by customers for services performed in April. Show the effect of this collection on the accounting equation. IF THERE IS NO EFFECT, SELECT "0 NO EFFECT." - Assets Liabilities - Shareholders' Equity A. 8,000 Cash B. 8,000 Accounts Receivable C. 8,000 Accounts Receivable; (8,000) Cash D. 8,000 Cash; (8,000) Accounts Receivable E. 8,000 Accounts Payable F. 8,000 Cash; (8,000) Accounts Payable G. (8,000) Accounts Receivable H. 0 No Effect QUESTION 9 QUESTION 10 The entry to record cash received in advance for services not yet performed causes a(n) increase in Deferred Revenue and decrease in Revenue decrease in Accounts Receivable and an increase in Cash this is a trick question. nothing is recorded until services are performed increase in Cash and increase in Deferred Revenue increase in Revenue and decrease in Deferred Revenue