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The following information relates to the Muscat Company at the end of 2019. The accounting period is the calendar year. On July 1,2019, cash of

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The following information relates to the Muscat Company at the end of 2019. The accounting period is the calendar year. On July 1,2019, cash of OMR 48,000 was received from customers for a 36-month service period beginning on that date. The receipt was recorded by a debit to Cash and a credit to Unearned Service Revenue. If financial statements are to be prepared on December 31. the company should make the following adjusting entry: Select one: a. Cash 48,000 Unearned Service Revenue 48,000 b. None of the answers are correct 8,000 c. Uneared Service Revenue Service Revenue 8,000 d Cash ... 8,000 Service Revenue 8,000 ... 48.000 e. Cash 48,000 Service Revenue Next page ENG I TOSHIBA

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