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Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $74,000 for 6-months services in advance. Golddigger Services' general journal

Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $74,000 for 6-months services in advance. Golddigger Services' general journal entry to record this transaction will include a:

1. Debit to Unearned Management Fees for $74,000.

2. Credit to Management Fees Earned for $74,000.

3. Credit to Cash for $74,000.

4. Credit to Unearned Management Fees for $74,000.

5. Debit to Management Fees Earned for $74,000.

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