2. a) J. Marten Company accumulates the following adjustment data at December 31. i. Prepaid insurance totaling $500 has expired ii. Supplies of $100 have been used. iii. Utility expenses of $245 are unpaid. iv. Unearned service revenue is of $2000. From this $500 worth service has been performed. v. Salaries of $800 will be paid on January 10. vi. Cash received $1000 for services to be performed on January 5. b) According to revenue recognition principle revenue can be recognized when cash is received. Is this statement true? Explain the logic behind your answer. c) Write down differences between unearned revenue, accrued revenue