Summer Fun, Inc. offers various services to their hotel and residential customers. Hotel customers pay on a monthly contract basis, while residential customers pay an hourly rate based on services provided. In July 2021, Summer Fun, Inc. signed a 6-month contract with Resorts Unlimited to provide pool and spa cleaning services for its hotel sites. The contract price of $210.000 was collected on July 1, 2021. The services will be provided evenly over the 6 months (July through December). During July 2021, Summer Fun, Inc. also provided 20 hours of residential pool services at $45 per hour. Payment is expected in August. a b. Prepare the entry on July 1, 2021 to record the receipt of $210,000 cash related to the contract with Resorts Unlimited Prepare the adjusting entry to be made on July 31, 2021 for the contract work performed for Resorts Unlimited during the month. Prepare the adjusting entry needed on July 31, 2021 to reflect the residential pool services performed during the month Summer Fun, Inc. offers various services to their hotel and residential customers. Hotel customers pay on a monthly contract basis, while residential customers pay an hourly rate based on services provided. In July 2021, Summer Fun, Inc. signed a 6-month contract with Resorts Unlimited to provide pool and spa cleaning services for its hotel sites. The contract price of $210.000 was collected on July 1, 2021. The services will be provided evenly over the 6 months (July through December). During July 2021, Summer Fun, Inc. also provided 20 hours of residential pool services at $45 per hour. Payment is expected in August. a b. Prepare the entry on July 1, 2021 to record the receipt of $210,000 cash related to the contract with Resorts Unlimited Prepare the adjusting entry to be made on July 31, 2021 for the contract work performed for Resorts Unlimited during the month. Prepare the adjusting entry needed on July 31, 2021 to reflect the residential pool services performed during the month