2 Torra Bus Transportation provides on campus bus services for universities on Januarytit enters into a one year contract with Moose University to operate five businestraveling throughout the campus. Under the contract, Terra will be paid $100.000 on the last day of each month. In addition to will receive an additional $120,000 at the end of each six month period, provided it remains free of accidents On January 1, based on historical experience, Terra eskmated that there is a 75% chance that it will remain free of accidents for the On March 20, three of the most senior drivers at Terra abruptly left. As a result, Tecra had to hire inexperienced drivers to the vacant positions. Consequently Terra revised its estimate to a 30% chance that it would be entitled to receive the semiannual bonus and dedided to continue this 30% probability estimate units se month review at the end of June . Onune 30, Moore contumed that there was no accident between January and June, so Terre would be entitled to the seminen bonus Terra bases estimates of variable consideration on the expected value it expects to receve. Required Prepare Terro June 30 journal entry to account for cash received from Moone University. Include the revenue to be recognized for Jun June 30. as well as my necessary adjustments to revenue presumed to have been previously recorded of no entry required for a transaction/event, select "Ne journal entry required in the first account feld) Journal entry worksheet Record the service revenue earned In June - Debit Credit Transaction General Journal Cash Bonus receivable Service ve