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27) On September 1, ABC Company contracted to provide monthly maintenance services for the next five months ata rate of $2700 per month. The client

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27) On September 1, ABC Company contracted to provide monthly maintenance services for the next five months ata rate of $2700 per month. The client paid ABC $13,500 on September 1. Assuming ABC records deferred revenues using the alternative treatment, what would be the entry on September 17 CALLU 27 A) Debit Cash and credit Uneared Revenue for $13.500 B) Debit Cash and credit Service Revenue for $13.500 Debit Prepaid Maintenance and credit Cash for $13,500 D) No entry is needed until the vrvices are performed 28) On September L. ABC Company contracted to provide monthly maintenance services for the next ten months ata rate of S2400 per month. The client paid ABC $24,000 on September 1. The maintenance services began on that date. Asuming BMCC records deferred revenues using the alternative treatment what would be the adjusting entry recorded on December 31 28) A) Debit Service Revenue and credit Uneamed Revenue ter $24,000 B) No entry is needed sine revenue was recorded on September Debit Uneamed Revenue and credit Service Revenue for S60 D) Debit Service Revenue and credit Uneared Revenue for $14,400 ven below

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