Review the workpaper below. Client: Griffin, Inc. Service Revenue For Dec. 31 year 5 Prepared by Staff Accounting 1/24/year 6 Reviewed by Senior Accountant 2/2/year 6 Purpose: To ascertain whether service revenue recognized during December year 5 is complete and accurate in all material respects in relation to the financial statements taken as a whole. 12/2/year 5 Slate Co. $22,000 A 12/4/year 5 Crater Inc. $63,500 A 12/15/year 5 Globe Inc. $50,000 C 12/16/year 5 Ash Co. $48,750 A 12/17/year 5 Valley, LLP $32,500 A 12/23/year 5 Magnolia Corp. $22,750 A 12/27/year 5 Marble Co. $55,500 A 12/28/year 5 Delta, LLP $95,000 A 12/30/year 5 Chestnut, Inc. $75,000 B 12/30/year 5 Honeycomb Corp. $43,000 A 12/31/year 5 Globe, Inc. $75,400 A Total $583,400 General Ledger Footed A = Per review of contract, invoice, and service records, we recalculated the amount of revenue earned and verified that revenue was recognized in the correct period. B = Per review of contract and service records, service was finalized and invoiced as of 12/31 year 5. Per review of ledger details the receivable balance was recorded in "unbilled receivables" at year end. C = Per review of the $50,000 contract and invoice, service was for the period 12/15/year 5 to 1/14/year 6 and should be recognized equally between year 5 and year 6 based on the terms of the contract. G/L = Agreed the amount to the general ledger balance as of 12/31/ year 5. F = Amounts Footed without exception. Required: Prepare any Proposed Adjusting Journal Entries Needed to satisfy the purpose above from the workpaper results. Select the account name from the following general ledger accounts: Accounts Payable Accounts Receivable Accrued Vacation Allowance for Doubtful Accounts Cash Contract Liability Cost of Goods Sold Current portion of long-term debt Deferred rent Inventory Long-term Debt Revenue Sales Return reserve Selling Expense Unbilled Receivables Proposed Adjusting Journal Entries General Ledger Account Name A) B) c) Debit Credit