On May 1 orange Company received an advance payment of $50,000 from their customer. The payment was for five months of services that Orange will perform for the customer at the rate of $10,000 per month. Orange started providing the service on May 1. On May 1 orange made an entry in its accounting system debiting Cash for $50,000 and crediting Unearned Service Revenue for $50,000. This is the only entry that has been made related to this transaction. Select the adjusting entry orange should make prior to preparing financial statements on May 31. None of the above