Weygandt, Financial Accounting, 9e Help System Announcements ER Exercise 3-15 (Part Level Submission) The following data are taken from the comparative balance sheets of Cascade Billiards Club, which prepares its financial statements using the accrual basis of accounting. December 31 , 2015 2014 Accounts receivable from members $14,441 59.488 Unearned service revenue 16,5132 4,028 Members are billed based upon their use of the club's facilities, Unearned service revenues anse from the sale of gift certificates, which members can apply to their future u service revenue of $164,738 was earned during the year. BASE Your answer is partially correct. Try again. Prepare journal entries for each of the following events that took place during 2015. (Hint: You will probably find it helpful to use T-accounts to analyze these data.) (1) Accounts receivable from 2014 were all collected (2) Gift certificates outstanding at the end of 2014 were all redeemed (3) (a) An additional $37,605 worth of gift certificates were sold during 2015 (b) A portion of the above gift certificates was used by the recipients during the year the remainder was still outstanding at the end of 2015 (4) Services performed for members for 2015 were billed to members. (5) Accounts receivable for 2015 (le, those billed in Item (4) above) were partially collected (Credit account titles are automatically indented when the amount is entered. Do not indent manual any NO. Account Titles and Explanation e lt Credit Credit Accounts Receivable INVITATION SAINIAN T E RRAIN 58.135) 2. Unearned Service Revenus 24856) TOURINHAN L PLETI 24856 Service Revenue L 36508 3 (a) Cash