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2 poir Question 1.31 d Smith Law Firm collected advance payments for customers of $5,000 during the month of May for future legal services Kennedy an These advance payments were recorded in unearned revenue. During June, the firm performed $1,500 of legal services related to these advance payments. Which is the correct adjusting journal entry at the end of June? O Debit legal services revenue $1,500, credit uneaned revenue $1,500. O Debit cash $3,500, credt unearned revenue $3,500 O Debit unearned revenue $1,500, credit legal services revenue $1,500. O Debit cash $5,000, credit unearned revenue $5,000 2 points k Question 1.32 Which of the following is not an example of unearned revenue? O Sales on account O Season tickets to sporting events O Gift certificates O Magazine subscriptions 2 points Question 1.33 Which of the following is not an example of prepaid expenses? O Uility expense for electricity used during the perod O Rent paid in advance O Purchases of supplies with cash 6-month insurance policy purchased and paid with cash