You are the accountant for the Company. For the following situations, record the correcting journal entry. If no entry is needed, write no entry.

1. The bookkeeper was recording $10,000 revenue earned which had been paid in advance. He debited service revenue and credited unearned revenue.

2. The bookkeeper was recording a payment received on account for $450. He recorded the payment as $540.

3. The bookkeeper was recording an accrual for interest that was owed to Company from Corporation for $500. He debited interest expense and credited interest payable.