21) Taylor Company receives $10,800 on December 1 of the current year for services to be performed equally over the next 12 months. Assuming Taylor records deferred revenues using the alternative treatment, what would be the entry on December 1 of the current year? A) Debit Service Revenue and credit Cash for $10,800. B) No entry is needed until the expense is incurred. C) Debit Cash and credit Service Revenue for $900. D) Debit Cash and credit Service Revenue for $10,800. 22) Mathews Company receives $1,500 on December 1 of the current year for services to be performed equally over the next 3 months. Assuming Mathews records deferred revenues using the alternative treatment, what would be the entry on December 1? A) Debit Cash and credit Service Revenue for $500. B) Debit Cash and credit Service Revenue for $1,500. C) Debit Cash and credit Unearned Revenue for $1,500. D) Debit Cash and credit Unearned Revenue for $1,000. 23) Taylor Company receives $21,600 on December 1 of the current year for services to be performed equally over the next 12 months. Assuming Taylor records deferred revenues using the alternative treatment, what would the adjusting entry be on December 31 of the current year? A) Debit Service Revenue and credit Unearned Revenue for $21,600. B) Debit Service Revenue and credit Unearned Revenue for $19,800. C) Debit Cash and credit Service Revenue for $1,800. D) Debit Cash and credit Service Revenue for $21,600. 24) Mathews Company receives $300 on December 1 of the current year for services to be performed equally over the next 3 months. Assuming Mathews records deferred revenues using the alternative treatment, what would the adjusting entry be on December 31 of the current year? A) Debit Service Revenue and credit Unearned Revenue for $200. B) Debit Cash and credit Service Revenue for $300. C) Debit Service Revenue and credit Unearned Revenue for $300. D) Debit Cash and credit Unearned Revenue for $200.