Question: Question 29 3.25 pts An architecture form earned $2.000 for architecture services provided with the fee to be paid in the future. Wong entry is

Question 29 3.25 pts An architecture form earned $2.000 for architecture services provided with the fee to be paid in the future. Wong entry is made this would cause revenues to be overstated. net income to be overstated Nabilities to be understated revenues to be understated Question 30 3.25 pts The Captain America Company purchased equipment for $15.000 on December 1. It is estimated that ANNUAL depreciation on the computer will be $3,000. If hinancial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense. $3,000, credit Accumulated Depreciation, $3.000, debit Depreciation Expense, $250; credit Accumulated Depreciation, $250. debit Depreciation Expense, $12,000, credit Accumulated Depreciation, $12,000. debit Equipment. $15,000; credit Accumulated Depreciation, $15,000. MacBook Air

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