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Question : I am not sure about above questions. Please answer all

I am not sure about above questions. Please answer all questions? Thank you

Question 17 (1 point The cash basis of accounting records the impact of all business transactions as they occur O True False Save Question 18 (1 point) What effect does an accrued revenue adjustment have on a company's net income? O The adjustment has no effect on net income O The adjustment increases net income for the period O The adjustment decreases net income for the period O The effect of the adjustment cannot be determined with the information given. Save Question 19 (1 point) Chance stables purchased a new baler as their annual equipment purchase. The baler as purchased for $10,000 down and a $50,000 note with an estimated life of 8 years. The baler will be worthless at the end of its life. The annual amount of depreciation on this equipment is: $50,000 $6,250 $10,000 O $7,500 Save Question 20 (1 point) The adjusting entry for accrued revenue always involves a O debit to an asset account and a credit to a liability account debit to a revenue account and a credit to an asset account O debit to a liability account and a credit to an asset account O debit to an asset account and a credit to a revenue account

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