On September 30, Jordan Consulting received $12,000 from Hank's Hardware in exchange for services performed. Upon receipt of this payment, Jordan recorded a $12,000 reduction in unearned service revenue and a $12,000 increase in cash. Did Jordan make the proper accounting entries? Why or why not? A : Yes, Jordan made the proper accounting entries. In order to keep the accounting equation in balance, the firm had to reduce its combined liabilities and stockholders' equity by the same amount as it increased its assets. B : No, Jordan did not make the proper accounting entries. Although the firm was correct to increase cash by $12,000, it should have recorded a $12,000 increase in revenue rather than a $12,000 decrease in unearned service revenue. C : No, Jordan did not make the proper accounting entries. Although the firm was correct to increase cash by $12,000, it should have recorded a $12,000 decrease in revenue rather than a $12,000 decrease in unearned service revenue. D : No, Jordan did not make the proper accounting entries. Although the firm was correct to decrease unearned service revenue by $12,000, it should have recorded a $12,000 decrease in cash instead of a $12,000 increase in cash.