Best Lawn Care Inc. (BLC) offers its customers two lawn maintenance services. One service is for a one-year maintenance plan at a cost of $180. Customers can earn a5% discount from this price if they pay before BLC's calendar fiscal year for maintenance services to be performed in the following year. The second service offered by BLC is a three-year maintenance plan that sells for $600. The first year's maintenance service for this three-year plan will be delivered before BLC's fiscal year end. No discount for early payment is offered for the second plan.

a) Prepare the summary journal entry for the cash sale of180one-time plans for the current year,100discounted one-time plans for the following year, and280three-year maintenance plans.

b) Determine the statement of financial position (SFP) classification of the unearned portion of the revenue collected.

Current portion of the unearned revenue $

Non-current portion of the unearned revenue $