On January 1, a customer paid X Company $31,800 in advance for cleaning services. The cleaning was going to be done once in January, once in February, and once in March. What will be the result of X Company's adjusting entry on January 31? a $10,600 decrease in Retained Earnings on the Balance Sheet a $10,600 increase in Deferred Revenue on the Balance Sheet revenue of $10,600 reported on the Income Statement a $10,600 decrease in Cash on the Balance Sheet a $10,600 increase in Cash on the Balance Sheet a balance of $10,600 in Deferred Revenue on the Balance Sheet