Balance in Unearned Revenue

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Jan 15, 2008, 11:42 PM

jahubb

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Join Date: Jan 2008

Posts: 27

Balance in Unearned Revenue

The journal entry to adjust the balance in unearned revenue is?
My unearned revenue is $5700
Salaries owed but not paid at December 31 was $2000 How do I adjust unearned revenue?
a. $2000 debit, Unearned Revenue; $2000 credit, revenue
b. $2000 debit, revenue; $2000 credit unearned revenue
c. $3700 debit, unearned revenue; $3700 credit unearned revenue
d. $3700 debit, revenue; $3700 credit, unearned revenue equipment.
my answer is c. can you tell me if its correct.

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