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On November 1, 2021, the City of Omaha pays Patrick Trash Haulers $30,000 for one year of service beginning on that date What adjusting entry does the company need to record on December 31,2021 - the end of their fiscal year? Assume they only make adjusting joumal entries at the end of their fiscal year. Debit Cash and credit Revenue for $5,000. Debit Deferred Revenue and Credit Fevenue for $25,000 Debat feverenue and credit Accounts Receivable for $5000. Detat Deferred frovenve and credit Revenue for $5,000. Question 6 3.5pts On July 1, 2021, Patrick Trash Haulers slgns a one-year contract to provide services beginning on that date. The contract specifies the total value for the services to be provided evenly over the year is $18,000. No entry is made on July 1,2021 , at the time the contract is signed. What adjusting entry does the company need to record on 12/31/21 - the end of their fiscal year? Adjusting entries are only made at the end of the fiscal year. Debit Accounts Receivable and credit Revenue for $9,000. Debit Cash and credit Deferred Revenue for 59.000 . Debit Revenue and credit Accounts Receivable tor $9,000. Debit Deferred Revenve and credit Revenue for $9,000