Question: please all answer all questions 4-6 Question 4 A law firm received $2240 cash for legal services to be rendered in the future. The full


Question 4 A law firm received $2240 cash for legal services to be rendered in the future. The full amount was credited to the liability account Uneared Service Revenue. If the legal services have been rendered at the end of the accounting period and no adjusting entry is made, this would cause: net income to be overstated. O liabilities to be understated. revenues to be understated. expenses to be overstated. Bramble Corp. purchased office supplies costing $6860 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2450 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: O debit Supplies, $4410; credit Supplies Expense, $4410. debit Supplies Expense, $2450; credit Supplies, $2450. debit Supplies Expense, $4410; credit Supplies, $4410. debit Supplies, $2450; credit Supplies Expense, $2450. Novak Corp. received a check for $21960 on July 1, which represents a 6-month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $21960. Financial statements will be prepared on July 31. Novak's should make the following adjusting entry on July 31: O debit Unearned Rent Revenue, $21960; credit Rent Revenue, $21960. O debit Unearned Rent Revenue, $3660; credit Rent Revenue, $3660. debit Cash, $21960; credit Rent Revenue, $21960. debit Rent Revenue, $3660; credit Unearned Rent Revenue, $3660
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