Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. _____ is the amount that has been earned but has not been recorded. a. Advance Revenue b. Accrued Revenue c. Cash Revenue d. None of these are correct. 2. The journal entry for an accrued revenue (fees earned) includes a debit to _____ and a credit to ______. a. Accounts Receivable, Fees Earned b. Fees Earned, Accounts Receivable c. Accounts Payable, Fees Earned d. Fees Earned, Accounts Payable 3. In a balance sheet, accrued expense is recorded under the heading _____. a. Assets b. Liabilities c. Owner's Equity d. None of these are correct. 4. BizWorld Company pays weekly salaries of $12,500 on Friday for a five-day week ending on that day. The necessary adjusting journal entry at the end of the accounting period assuming that the period ends on Thursday will include a debit to _____ and a credit to _____. a. Salaries Payable for $12,500, Salaries Expense for $12,500 b. Salaries Payable for $10,000, Salaries Expense for $10,000 c. Salaries Expense for $12,500, Salaries Payable for $12,500 d. Salaries Expense for $10,000, Salaries Payable for $10,000