Neut Question Basic Home Care sells two-year warranty plans for home repairs, paid in cash in advance. On January 2, of the current year, 160 warranty plans were sold for $700 each. What would be the adjusting entry on December 31 of each year if adjustments are made annually? 112,000 112,000 56,000 56,000 O A. Uneared Revenue Service Revenue OB. Service Revenue Unearned Revenue OC. Service Revenue Unearned Revenue OD. Uneamed Revenue Service Revenue 112,000 112,000 56,000 56,000