During the current year a company entered into a contract to provide consulting services to a client for a period of two years. Payment for the services is to be received at the end of the contract. As of the end of the current year, the company had provided $15,000 of the services under the contract. The adjusting entry prepared by the company at the end of the current year with respect to the contract, would: decrease liabilities and increase revenues increase expenses and increase payables increase cash and increase receivables increase receivables and increase revenues