Volcano Inc. received $1,000 cash in advance for work to be performed. How will this transaction affect the accounts? Deferred Revenue will increase by $1,000 and Cash will increase by $1,000. Cash will decrease by $1,000 and Service Revenue will increase by $1,000. Cash will increase by $1,000 and Service Revenue will increase by $1,000. Service Revenue will increase by $1,000 and Deferred Revenue will decrease by $1,000.