Question 14 5 pts On June 1, 2020 Yellow Company received an advance payment of $56.000 from a customer. The payment was for four months of services Yellow Company would perform for the customer at the rate of $14,000 per month. Yellow started providing the service on June 1. 2020. On June 1, 2020 Yellow made an entry in its accounting system debiting Cash for $56,000 and crediting Unearned Service Revenue for $56,000. This is the only entry that has been made related to this transaction Select the adjusting entry Yellow should make prior to preparing financial statements on June 30, 2020 Account Name Debit Credit A. Unearned Service Revenue 42,000 Service Revenue 42,000 B. Unearned Service Revenue 156,000 Service Revenue 56,000 c. Service Revenue 14,000 Unearned Service Revenue 14,000 D. Service Revenue 142.000 Unearned Service Revenue 142.000 Question 15 5 pts Using the information given in 14. above - select the adjusting entry Yellow should make prior to preparing financial statements on July 31, 2020. Prior to this July 31, 2020 adjusting entry, Yellow has made only two entries in their accounting system related to this advance payment - the June 1, 2020 entry to record the receipt of the $56,000 cash and the June 30, 2020 adjusting entry. Account Name Debit Credit A Unearned Service Revenue 28,000 Service Revenue 28,000 B. Service Revenue 28,000 Unearned Service Revenue 28,000 c. Service Revenue 14,000 Unearned Service Revenue 14,000 D. Unearned Service Revenue (14,000 Service Revenue 14,000 Question 16 5 pts Using the information given in 14. above, and assuming that all the required adjusting entries have been correctly made - what should be the amount shown on Yellow's August 31, 2020 Balance Sheet for Unearned Service Revenue? O $56,000 $42,000 O $28.000 $14,000 O None of the above