2 for customer payments received in Refer to the Revenues note in the Summary of Sianificant Accounting Policies that Depot's statements of cash flows. How does the company account for customer paymen advance of providing services? Record the prepayment as revenue. 2. The funds are deposited in the bank account and no entry is recorded. 3. The funds are not deposited in the bank account, and no entry is recorded. 4. The revenue is deferred until the goods or services are provided to the customer. 3. What adjusting journal entry must The Home Depot make when it provides services paid by gift card? 1. dr Cash, cr Unearned Revenue 2. dr Unearned Revenue, cr Service Revenue 3. dr Service Revenue, cr Unearned Revenue 4. dr Unearned Revenue, er Cash