Z45aY Company is a consulting company located in northern Ohio. Consulting fees earned but uncollected and unrecorded in the companys accounting records as of December 31, 2031 amount to $12,000. The company expects they will collect these fees in January, 2032. The adjusting entry required at December 31, 2031 would be:

Group of answer choices

debit consulting fees receivable $12,000 and credit unearned consulting fees $12,000

debit consulting fees receivable $12,000 and credit consulting fee revenue $12,000

debit unearned consulting fees $12,000 and credit consulting fee revenue $12,000

debit consulting fee revenue $12,000 and credit consulting fees receivable $12,000

debit consulting fee revenue $12,000 and credit unearned consulting fees $12,000

debit unearned consulting fees $12,000 and credit consulting fee receivable $12,000

no adjusting entry is required at December 31, 2031 related to this situation

none of the above choices are correct