On February 1, Camden Waverly Law Firm contracted to provide $7,200 of legal services for the next six months and received $7,200 cash from the client. Assuming Waverly records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on February 28? A. Accounts and Explanation Debit Credit Unearned Revenue 1,200 Service Revenue 1,200 B. Accounts and Explanation Debit Credit Cash 7,200 Service Revenue 7,200 C. Accounts and Explanation Debit Credit Service Revenue 6,000 Unearned Revenue 6,000 OD Accounts and Explanation Debit Credit Click to select your answer. ? Save for Later Question Help On February 1, Camden Waverly Law Firm contracted to provide $7,200 of legal services for then six months and received $7,200 cash from the client. Assuming Waverly records deferred revenue using the alternative treatment, what would be the adjusting entry recorded on February 28? Unearned Revenue 1,200 Service Revenue 1,200 B. Accounts and Explanation Debit Credit Cash 7,200 Service Revenue 7,200 C. Accounts and Explanation Debit Credit 6,000 Service Revenue Unearned Revenue 6,000 OD. Accounts and Explanation Debit Credit Cash 7,200 Unearned Revenue 7,200 Click to select your answer. Save for Later