Cornerstone Exercise 5-21 (Algorithmic) Service Revenue Kibitz Fitness received $25,000 from customers on August 1, 2019. These payments were advance payments of yearly membership dues. Required: At December 31, 2019, calculate what the balances in the Uneared Service Revenue and Service Revenue accounts will be. Round your answers to the nearest dollar. Unearned Service Revenue 14,584 x Service Revenue 10,416 x Feedback Check My Work When receiving payment in advance for services yet to be performed, revenue should be recognized as it is earned