Received a cash advance of $3500 from a client for the tax consultancy services to be performed in the next three months. The journal entry to record the transaction is:

Select one:

a. debit, service revenue $3500 and credit, cash $3500.

b. debit, service revenue received in advance $3500 and credit, cash $3500.

c. debit, cash $3500 and credit, service revenue received in advance $3500.

d. debit, service revenue received in advance $3500 and credit, service revenue $3500.