On August 1, Ivanhoe Consulting Group collected $9660 on a 6-month contract to provide SEO services...

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On August 1, Ivanhoe Consulting Group collected $9660 on a 6-month contract to provide SEO services to Kingbird, Inc. Assuming that the amount is earned equally over the 6 months and that Ivanhoe prepares financial statements monthly, the company's August 31 adjusting entry will include O a debit to Cash and a credit to Unearned Revenue for $1610. O a debit to Accounts Receivable and a credit to Unearned Revenue for $1610. a debit to Unearned Revenue and a credit to Service Revenue for $1610. O a debit to Cash and a credit to Service Revenue for $8050. On August 1, Ivanhoe Consulting Group collected $9660 on a 6-month contract to provide SEO services to Kingbird, Inc. Assuming that the amount is earned equally over the 6 months and that Ivanhoe prepares financial statements monthly, the company's August 31 adjusting entry will include O a debit to Cash and a credit to Unearned Revenue for $1610. O a debit to Accounts Receivable and a credit to Unearned Revenue for $1610. a debit to Unearned Revenue and a credit to Service Revenue for $1610. O a debit to Cash and a credit to Service Revenue for $8050.