HW Score: 57 21%, 2 86 of 5 pts home / stud problem 32e Score: 0.13 of 1 pt 4015(4 complete) E3A-32 (similar to) Qestion Hep Al the beginning of the year, Select Advertising owed customers $2.500 for unearned revenue colected in advance During the year, Select received advance cash recepts of 58.600 and eaned $50,000 of service revenue (exdlusive of any amount earned from advance payments).At year end, the lability for unearned revenue is $3,900 and unadjusted service revenue is $50,000 Hor with Requirement 1. Record the adusting entry assurming that Select records the cash receipt of unearned nevenue by initially crediting a ability account Post the adusting entry to he Unearmed Revenue and Service Revenue T-accounts Make sure to incdlude the beginning balance and additional unearned revenue in the Unearned Revenue T-account Begin by mecording the adusting entry assuming that Select records unearmed revenue by inbally credting a lability account (Record debits frst, then credts Select the espianation on the last ine of the journal entry Credit Date Accounts and Explanation Debit 7,200 Service Reve 7.200 Revenue and Service Revenue T-accounts Make sure to include the begining balance and additional unearned revenue in the Uneamed Post the adusting entry to the Uneaned Revenue T-account (Use an "Unad bal" reference to show the balance of Unearned Revenue Service Revenue 0000 Unad ba 57200 Bal