You are being asked to consider the information and propose an Adjusting Journal Entry to your client. In your review of your clients Cash Journal, you find an entry (and a deposit) for $8,000 made on December 1, 2021. The client informs you that this cash receipt was a deposit from a customer who has contracted for the installation of a new swimming pool to be started in June of 2022. The cost of the entire contract is for $35,000. The entry in the Cash Journal was as follows: Debit Cash $8,000; Credit Swimming Pool Sales. Your clients fiscal year end is December 31st. Do you need to propose an Adjusting Journal entry to your client and if so, what is it?