Ocean Breeze Associates accrued $8,500 of Service Revenue at December 31. Ocean Breeze Associates received $14,500 on

Question:

Ocean Breeze Associates accrued $8,500 of Service Revenue at December 31. Ocean Breeze Associates received $14,500 on January 15, including the accrued revenue recorded on December 31.
Requirements
1. Record the adjusting entry to accrue Service Revenue.
2. Record the reversing entry.
3. Journalize the cash receipt.