Triple-A accountion services agreed to perform services for a client at a rate of $2,000 per month. A six-month prepayment was made in advance on October 1, 2016 and services began on that date. December 31, 2016 is the end of Triple-A's accounting year.

a. What is the October 1, 2016 entry to record the prepayment?

Is this the correct answer: Cash 12,000

Unearned Revenue 12,000

b. What is the entry to make the necessary adjustment on December 31, 2016? (Triple-A adjusts their books only at the end of the year.)