can someone help me with this pls

A catering company singed a contract with one of its client for a future event. The guaranteed amount of the service was $15,000. The client also said a deposit of $8,000 would be made in the next few days. How should the catering company record this transaction? Both Accounts Receivable for $7,000 and Unearned Revenues for $8,000 should be recorded in the debit side: and Revenues for $15,000 should be recorded in the credit side. In the debit side, two records - Account Receivable for $7,000& Cash for $8,000 - should be recorded, In the Credit side, Unearned Revenues for $15,000 should be recorded. Since this is just a legal contract for future event, this is not an accounting transaction. There is no need to record. The Debit side records Account Receivable for 15,000; and the Credit side records Revenues for $15,000. Question 4 1 pts Which of the following descriptions is wrong about the nature of the Income statement information? The annual income Statement records can be divided by 12 to determine monthly average amounts. Its information represents cumulative revult of operations furing one entife accouning term. Its information is of static nature because the statement shows the operationat records on the day of it was prepared. It is also called the PSL Statement because it shows the amounts of profits/losses on the bottom line