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Foley Marketing received $61200 from a customer on January 2nd, 2017 to be on retainer for the next 2 years. The appropriate journal entry to

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Foley Marketing received $61200 from a customer on January 2nd, 2017 to be on retainer for the next 2 years. The appropriate journal entry to recognize earned revenue at Foley's fiscal year-end on December 31st, 2017 would be Unearned Revenue $30600 Service Revenue $30600 Service Revenue $30600 Cash $30600 Service Revenue $30600 Unearned Revenue $30600 Unearned Revenue $30600 Cash $30600

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