On Dec 12, 2017, Ivory Coast, CGA, Received $5,000 from a Customer

Multiple Choice

On Dec 12, 2017, Ivory Coast, CGA, received $5,000 from a customer as an advance payment for accounting work to be done.The payment was credited to Accounting Revenue.Thirty percent of the work was performed in December 2017, with the rest to be done in January 2018, at which time the customer will be billed.The required adjusting entry at December 31, 2017 (year end) is

A) Dr.Unearned Revenue $1,500, Cr.Accounting Revenue $1,500.
B) Dr.Accounting Revenue $1,500, Cr.Unearned Revenue $1,500.
C) Dr.Accounting Revenue $3,500, Cr.Unearned Revenue $3,500.
D) Dr.Unearned Revenue $3,500, Cr.Accounting Revenue $3,500.