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View Full Version : Unearned Service Revenue still Unearned journal Entry


astarjam
Feb 8, 2009, 05:44 PM
I have unearned service revenue still unearned in the amount of 6,500 although my trial balance reflect $8,900.

To make a journal entry would this be correct.
Unearned Service Revenue 2400
Service Revenue 2400

pready
Feb 8, 2009, 05:58 PM
Debit Unearned Service revenue for the amount of revenue that is earned in the period.
Credit Service Revenue for the amount of revenue earned in the period.