Adjusting entries

Question

Mar 8, 2007, 08:01 AM

Paula Gomes

New Member

Join Date: Feb 2007

Posts: 6

Adjusting entries

How shoud I record the following information:

( December 31 )

Of the $37,000 balance in Unearned Revenue, $5,000 remains unearned.

Thank you

Paula

Answers

Mar 8, 2007, 04:16 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	Dr. Unearned Revenue 32,000 Cr. Revenue 32,000 37,000-5,000 = 32,000

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