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Silvaggi Corporation received cash of $3,000 on June 1, 2018, for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2018, adjusting entry is: a. Debit Rent Revenue and credit Unearned Rent, $ 1,250 Debit Rent Revenue and credit Unearned Rent, $ 1,750 Debit Unearned Rent and credit Rent Revenue, $ 1.250 Debit Cash and credit Unearned Rent, $ 1,750 Debit Unearned Rent and credit Rent Revenue, $ 1,750 6 . The accounts to be debited in the closing entries at year-end include: ooo Accumulated Depreciation, Purchase Discounts, Freight-In Freight-Out, Purchase Returns, Purchases Purchase Returns, Purchase Discounts, Interest Revenue Unearned Revenue, Sales Revenue, Interest Revenue Depreciation Expense, Purchases, Sales 21. X The Loto Company had current assets of $500 and current liabilities of $400 prior to the following transactions: 1) Declaration of a cash dividend $100 2) Payment of an account payable, $80 The combined effect of these two transactions will cause what effect on Working Capital and the Working Capital Ratio, respectively? No Effect, Decrease b. No Effect, increase C. No Effect, No Effect d. Decrease, No Effect e. Decrease, Decrease 22. Jefferson Services Company records the collection of $325 cash for previously accrued revenue and then makes an accrual of $500 for another revenue. The impact of these two entries on total Net Income and Working Capital (respectively) is an increase of: b. $325, $825 $825, $325 $325, $500 $500, $825 $500, $500 d. e. 23. The Jenny Company fails to record these two journal entries on 12/31/18: 1) Issuance of Common Stock for Cash: $40 2) Expiration of Prepaid Insurance: $10 Working capital will be