QUESTION 27 Vedder Inc receives $60,000 in cash on December 31, 2020 for services that it will perform for a customer in 2021. The services will be performed during the first five months of 2021. Please answer the following questions related to this arrangernent (note: aside from "Cash", the accounts to be used are "Unearned Revenue" and "Service Revenue 1. What is the initial entry that Vedder will record on December 31, 2020 when the cash is received from the customer? (4 soints) 2. Vedder adjusts its accounts every month. What is the adjusting entry that Vedder should record on January 31, 2021 to record one month of revenue? (4 points) 3. After the adjusting entry has been recorded on January 31, 2021, what is the remaining balance in the Unearned Revenue account? (2 points) !!! !!! 10pt For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I ps Paragraph Open Sans,s... Sun All Answers to save all answers