Question 10 of 20 -/7 E The following data are taken from the comparative balance sheets of Wildhorse Billiards Club, which prepares its financial statements using the accrual basis of accounting. Account Name 12/31/22 12/31/21 $14,500 $8,600 Accounts receivable from members Unearned service revenue 16,400 24,100 Members are billed based upon their use of the club's facilities. Unearned service revenues arise from the sale of gift certificates which members can apply to their future use of club facilities. The 2022 income statement for the club showed that service revenue of $159,000 was earned during the year. Prepare journal entries for each of the following events that took place during 2022. (Hint: You will probably find it helpful to use T-accounts to analyze these data.) (1) (2) (3) Accounts receivable from 2021 were all collected Gift certificates outstanding at the end of 2021 were all redeemed An additional $40,000 worth of gift certificates were sold during 2022. A portion of these was used by the recipients during the year, the remainder was still outstanding at the end of 2022. Services performed for members for 2022 were billed to members. Accounts receivable for 2022 (le, those billed in item (4) above) were partially collected (4) (5) Question 10 of 20 -/7 E (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles Debit Credit 1. A AC N. 2 ACE Qu 3 Qur Acco Que Accou Viev Accou 4 Ques Accou Ques Determine the amount of cash received by the club with respect to member services, during 2022 Cash received by the club $ eTextbook and Media List of Accounts Attempte: 0 of 3 used Submit Antwer