Question $3$

$1$ pts

BlueShield Insurance Company receives quarterly insurance premiums of $$3,000$ in advance on April $1$st$.$ What is the entry BlueShield will need to make on April $30$th$?$

Dr$.$ Revenues $1,000$; Cr$.$ Unearned Premiums $1,000$

Dr$.$ Cash $1,000$; Cr$.$ Unearned Premiums $1,000$

Dr$.$ Unearned Premiums $1,000$; Cr$.$ Revenues $1,000$

Dr$.$ Unearned Premiums $3,000$; Cr$.$ Revenues $3,000$