| Homework: Chapter 3 Score: dot 5 pts E3-21 (book/static) Conider the folowing situatione HW Score: (1%. DQ (Click the icun to view the siuations) Ascume the company recards adjucting ontries manthty. Joumalzc the adjusting cntrics needed as cf January 31.(Rccord dcbs firat, then credts. Select the planation on the lact linc of thc joumal entry tablc.) Date Accounts and Explanacion Deblt Jan. 31 Unesrned Reverue alarlas nterest Expense More Into Business receives $3.200 on Jbnuary 1 fr 10-month yervice vm for ihe period January 1 through Ocober 31. (Aseume services are perTomed & Cash colecled for Tuture gervices Pald cach cxpenscs venly ach month throughout th term ot th cnntract the 1st and 15th af the month Work perfomed but not yet billed to customers forthe month Is $1 eo The company pays interest on its S16000, 4% nate payable of S53 on the Trst day of each month o accrua salaras expanse To accrue service revenue. d