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Author Question: The balance in Unearned Revenues prior to adjustment was $3,150. If the amount still unearned as of ... (Read 75 times)

vHAUNG6011

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The balance in Unearned Revenues prior to adjustment was $3,150. If the amount still unearned as of the end of the period is $1,700, the adjusting entry needed would be to:
◦ debit Cash, $3,150; credit Unearned Service Revenue, $3,150.
◦ debit Unearned Service Revenue, $1,700; credit Service Revenue, $1,700.
◦ debit Service Revenue, $1,450; credit Unearned Service Revenue, $1,450.
◦ debit Unearned Service Revenue, $1,450; credit Service Revenue, $1,450.


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Marked as best answer by vHAUNG6011 on Feb 18, 2020

Anton

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vHAUNG6011

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)


bbburns21

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Reply 3 on: Yesterday
:D TYSM

 

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