Allen Company received $12,000 cash from Gerry Corporation for cleaning services that Allen agrees to perform over a one-year period beginning on June 1, Year 1. How would the adjustment on December 31, Year 1 to recognize the portion of the revenue that Allen earned during Year 1 affect Allen Company's financial statements? 
A) Option A
B) Option B
C) Option C
D) Option D
Correct Answer:
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