Garys Green Thumb (GGT) is a landscaping company. GGT requires a 20% deposit on all major landscaping jobs, with the balance due upon completion of the work. On March 15, 2018, GGT signed a contract to perform landscaping services for Sam Jones in the amount of $800. GGT received the $160 deposit on that date. GGT completed the landscaping services on March 30, 2018.

What entry would GGT make on March 30, assuming they received the full balance of payment on that date?

No entry, because the revenue was recorded on March 15

Increase Cash for $640, decrease Unearned Revenue for $160 and increase Revenue for $800.

Increase Cash for $640 and increase Revenue for $640

Increase Cash for $800, decrease Accounts Receivable for $160 and increase Revenue for $640

Increase Cash for $800 and increase Revenue for $800