ABC Company charges for landscaping services based on a standard labor rate for each job plus the cost of the supplies. The company sends out invoices each Monday for the previous week's work. On August 31 the company had completed half of a $500 landscaping project that would be billed after its completion next week. What adjusting entry is needed on August 31? Question 10

options: debit Revenue for $250; credit Accounts Receivable for $250

debit Accounts Receivable for $250; credit Unearned Revenue for $250

debit Accounts Receivable for $250; credit Revenue for $250

debit Unearned Revenue for $250; credit Revenue for $250