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jaelijah
Nov 3, 2010, 10:03 AM
If I have a balance of 9000, in unearned revenue at the beginning of the month, and then only 7,000 balance of the unearned revenue - how will I prepare a journal entry

pready
Nov 5, 2010, 12:35 PM
You have 2,00 of unearned revenue that is earned, therefore the journal entry will be:
Debit Unearned revenue for the amount
Credit Earned Revenue (or appropriate revnue account) for the amount