At the beginning of the new fiscal year, the accountant for Tiny Tot's Toyland made the following entry: Sales 4,500 Accounts Receivable 4,500 Which of the following correctly describes what this journal entry is recording? The entry is reversing the accrual adjusting entry from the previous year that recognized unrecorded sales revenue. O It is reversing the adjusting entry from the previous year that recognized unrecorded cash sales. This is an adjusting entry to recognize cash sales not recorded in the previous year. The entry is an adjusting entry to recognize sales revenue not recorded in the previous year