Your company receives a $40,000 advance for a $125,000 painting job and you credit Painting Revenue. If, at year end, 14 % of the job has been completed, what adjusting entry will you record? 4. Painting Revenue Cash 22,500 a. 22,500 b. Unearned Painting Revenue 22,500 Cash 22,500 Painting Revenue Unearned Painting Revenue Unearned Painting Revenue Painting Revenue C. 22,500 22,500 d. 22,500 22,500