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Lynn and Jan operate a bed and breakfast on the coast of Alabama. As customers make reservations they are required to pay cash in advance

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Lynn and Jan operate a bed and breakfast on the coast of Alabama. As customers make reservations they are required to pay cash in advance equal to one-half of the rate for their stay. On January 21, they took a reservation for a booking in May 27-29 with a total cost of $680. Use the following tabular analysis to record the cash receipt on that date: Stockho Assets Accounts Receivable Accounts Payable Liabilities Unearned Revenue Common Stock Cash + + + Rev. Jan 27 O Increase Cash $340 and Unearned Revenue $340, Increase Cash $340 and Service Revenue $340. O Increase Accounts Receivable $340, increase Cash $340, increase Service Revenue $340 and increase Unearned Revenue $340. Increase Cash $340, increase Accounts Receivable $340 and increase Service Revenue $680

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