Answer:
c. Unearned revenue would be debited for $700
e. Service revenue would be credited for $700.
Explanation:
The journal entries are shown below:
Cash A/c Dr $1,000
To Unearned revenue A/c $1,000
(Being the advance cash is received)
Now the adjusting entry is
Unearned revenue A/c Dr $700
To Service revenue A/c $700
(Being the unearned revenue is recorded)
The computation is shown below:
= $1,000 - $300
= $700