4 Rayon received a $3.500 cash advance payment on June Yeart for conting service to be perfomed in the Services were to be provided for a one-year term beginning June Voort Required ..&t. Record the June 1 cash receipt in Taccounts and the aumentered as of December 31, 1 Show the preceding transaction and related artisment in a horizontal statements mol d. Determine the amount of net income on the Year income statement What is the amount of net cafowroog is for Yew e. What amount of alles would Raytan report on the Year since shoot? Complete this question by entering your answers in the tas below. Aando uc Red Record the one I cash recent in and the adjustment noured as of December 31, Year 1. Dentro me Ciclos Rund your answers to the nearestart) Cash Uneamen Besar End Service Nod