E3-15 The following data are taken from the comparative statements of financial position Record trar of Newman Billiards Club Led, which prepares its financial statements using the accrual www accrual bo revenue to (LO 5,5) Une med service revenue basis of accounting 2017 2016 December 31 12,000 10,000 Accounts receivable from members 14,000 20,000 Members are billed based upon their use of the club's facilities. Unearned service revenues facilities . The 2017 income statement for the club showed that service revenue of 153,000 was recorded during the year. Trestructions (Hot You will probably find it helpful to use T-accounts to analyze these data.) (a) Prepare journal entries for each of the following events that took place during 2017. (1) Accounts receivable from 2016 were all collected. (2) Gift certificates outstanding at the end of 2016 were all redeemed. (3) An additional 35,000 worth of gift certificates were sold during 2017. A portion of these was used by the recipients during the year, the remainder was still outstand- ing at the end of 2017 (4) Services performed for 2017 were billed to members. (5) Accounts receivable for 2017 (ie, those billed in item [4] above) were partially collected (b) Determine the amount of cash received by the club, with respect to member services, during 2017