Y Co. is making adjusting entries for the year ended 12/31/2015. An analysis of the firm's records discloses the following item: On 12/01/2015, $1,200 is received from a customer for 3 lawns to be cut during the month at $400 each. By 12/31/2015, two of the three have been done. 1. Identify the type of adjustment as a "unearned revenue", "accrued revenue", "prepaid expense", or "accrued expense". Type of adjustment: 2.Prepare the adjusting entry that should be recorded at 12/31/2015 by filling "debit" or "credit" in the blank in front of each accounts. Unearned Revenue Service Revenue 3.Indicate the direction of effects of the adjusting entry on the elements of the balance sheet and income statement. Fill in each blank with "Increase", "Decrease", or "No Effect". Assets Liabilities Shareholder's Equity Revenues Expenses