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ABC Landscaping provides landscaping services to customers for $1,000 per month. ABC Landscaping started a four month contract with a new customer on April 1,

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ABC Landscaping provides landscaping services to customers for $1,000 per month. ABC Landscaping started a four month contract with a new customer on April 1, 2020 to provide landscaping services for April 1-July 31, 2020. The customer will pay at the end of the four months, July 31, for the landscaping. What adjusting entry is needed at April 30, 2020 by ABC Landscaping in order to prepare its month end financial statements, assuming no entries have been recorded yet related to this new contract? No adjusting entry is required at April 30. Debit Cash $1,000; Credit Unearned Revenue $1,000 Debit Accounts Receivable $1,000; Credit Unearned Revenue $1,000 Debit Accounts Receivable $1,000; Credit Revenue $1,000

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