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angel314
Feb 23, 2012, 08:59 PM
The unearned revenue acct has a $1,800 credit balance before adjustment. An examination of the account shows $600 had been earned by year end. What are my adjusting entries going to be

pready
Feb 23, 2012, 09:19 PM
The amount of the adjustment is given to you so your adjusting entry will be:
Debit Unearned Revenue for 600
Credit Earned Revenue for 600

angel314
Feb 23, 2012, 09:30 PM
Not sure