Portelii Services provides room-cteaning arrangements for hotets in Pennsylvania On April 1, Silvia Hotels \& Resorts signed an agreement to outsouice its room-cleaning functions to Portelit. The contract specifies the service fee to be $15,000 per month, and all payments are to be made shortly after the end of each quarter. It also specifies that Portelli will receive an additional quarterly bonus of $3,000it during that quarter, Silva recewes no more than five complaints from customers about room cleanliness. - On Apri 1, based on histonical expenence, Portelli estimated that there is a 75% chance that it will receive the quarterly bonus. - Ori May 5. Portelli learned that, during March, there were two complaints from customers related to room cleanliness Based on this new information, Pontelil revised its estimate downward to 40% that it would be entitied to receive the quarterly bonus. - On June 30, Silvia notified Portelli that, for the quarter ended, there were four complaints associated with room cleanliness, so Portelli would receive the bonus. Two days later, Portelli received ail payments due for all services rendered in the second quartef. including the bonus. Porteili bases estimates of variable consideration on the most likely amount it expects to receive Required: Prepare Pontilis May 31 journal entry to record the revenue recognized in May, as well as any appropriate adjustments to the revenue that hand been recognized in Aprit. Notes If no entry is required for a tonsoctiondevent, select "No journal entry required" in the first account field. Journal entry worksheet Journal entry worksheet Record the entry for revenue eamed for the month of January. Note Euter debits before credits