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
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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
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.
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