45% of the requested services performed by the end of September, how would ABC record this revenue

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ABC Ltd received $15,000 on the 1st of July 2015 from one of its customers for services expected to be completed by December 31 on the equal monthly paces. If 45% of the requested services performed by the end of September, how would ABC record this revenue? 

Select one:

  1. Dr Service Revenue - $7,500        Cr Unearned Service Revenue - $7,500 
  2. Dr Service Revenue - $6,750        Cr Unearned Service Revenue - $6,750 
  3. Dr Unearned Service Revenue - $6,750       Cr Service Revenue - $6,750
  4. Dr Unearned Service Revenue - $7,500     Cr Service Revenue - $7,500 
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