Remaining Time: 1 hour, 03 minutes, 03 seconds. Question Completion Status: QUESTION 26 ABC adjusts is books monthly. The unadjusted trial balance reflects $16,510 in Service Revenue Earned and $6,500 in Unearned Service Revenue. If the Service Revenue Earned during the month is $4,810, then the amount of Service Revenue Earned to be reported in the adjusted trial balance is $21,320. True False QUESTION 27 If Midwood paid $2,400 for a three-year insurance policy, the transaction could be recorded by a $2,400 debit to Insurance Expense and a credit to Cash. True False QUESTION 28 The realization principle states that activities of an entity should be kept separate from those of its owners. True False