Cash of $6,600 was collected on May 1 of the current year for services to be rendered evenly over the next year beginning on May 1 of the current year. Unearned Service Revenue was credited when the casah was received. Note: Enter debits before credits. Transaction General Journal e. Unearned service revenue Service revenue Debit Credit On February 1 of the current year, the company borrowed $25,200 from a local bank and signed a one-year, 7 percent note for that amount, with the principal and interest payable on the maturity date. Note: Enter debits before credits. Transaction f. General Journal Debit Credit