On February 1, Colton Waverly Law Firm contracted to provide $15,000 of legal services for the next six months and received $15,000 cash from the client. Assuming Waverly records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on February 28? Debit Credit 15,000 . . Accounts and Explanation Cash Service Revenue . Accounts and explanation Cash Unearned Revenue C. Accounts and Explanation 15,000 Credit Debit 15,000 15,000 Credit Debit Enll 15,000 On February 1, Colton Waverly Law Firm contracted to provide $15,000 of legal services for the next six months and received $15,000 cash from the client. Assuming Waverly records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on February 28? Cash Unearned Revenue 15,000 OC. Accounts and Explanation Debit Credit Unearned Revenue 2,500 Service Revenue 2,500 OD. Accounts and Explanation Debit Credit Service Revenue 12,500 Unearned Revenue 12,500