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On August 1, Wildhorse Consulting Group collected $10500 on a 6-month contract to provide SEO services to indigo, Inc. Ass iming that the amount is

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On August 1, Wildhorse Consulting Group collected $10500 on a 6-month contract to provide SEO services to indigo, Inc. Ass iming that the amount is earned equally over the 6 months and that Wildhorse prepares financial statements monthly, the company's August 31 adjusting entry will include a debit to Cash and a credit to Service Revenue for $8750. a debit to Accounts Receivable and a credit to Unearned Revenue for $1750. a debit to Unearned Revenue and a credit to Service Revenue for $1750. a debit to Cash and a credit to Unearned Revenue for $1750

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