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Raylan Received a $ 56,500 cash advance payment on June 1, Year1, for consulting services to be preformed in the future. Serviceswere to be provided

Raylan Received a $ 56,500 cash advance payment on June 1, Year1, for consulting services to be preformed in the future. Serviceswere to be provided for a one-year term beginning June 1, Year1.Req Complete this question by entering your answers in the tabs below. Show the preceding transaction and related adjustment in a horizontal statements model. (Enter any decreases to account balances and 2 answers

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