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On June 1, 2017 Baker received an advance payment of $24,000 from a customer. The payment was for six months of services Baker would perform

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On June 1, 2017 Baker received an advance payment of $24,000 from a customer. The payment was for six months of services Baker would perform for the customer at the rate of $4.000 per month. Baker started providing the service on June 1, 2017. On June 1, 2017 Baker made the following entry to record the receipt of the advance payment: Dr. Cr Cash 24,000 Unearned Revenue 24,000 At the end of June, and at the end of July, Baker made the correct adjusting entries related to this advance payment. Select the August 31, 2017 adjusting entry Baker should make related to this advance payment: Unearned Revenue 12.000 A 12.000 Service Revenue Service Revenue 4.000 (B Unearned Revenue 4.000 4,000 Unearned Revenue 4,000 Service Revenue On June 1, 2017 Baker received an advance payment of $24.000 from a customer. The payment was for six months of services Baker would perform for the customer at the rate of $4.000 per month. Baker started providing the service on June 1, 2017 On June 1, 2017 Baker made the following entry to record the receipt of the advance payment Dri CH Cash 24.000 Unearned Revenue 24,000 At the end of june, and at the end of July, Baker made the correct adjusting entries related to this advance payment Select the August 31, 2017 adjusting entry Baker should make related to this advance payment Unearned Revenue 12.000 Service Revenue 12.000 Service Revenue 4,000 B Unearned Revenue 4,000 Unearned Revenue 4.000 Service Revenue 4,000 12,000 Service Revenue Unearned Revenue 12.000 E None of the above

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